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snow_tiger [21]
3 years ago
14

The following book and fair values were available for Westmont Company as of March 1.

Business
1 answer:
-BARSIC- [3]3 years ago
8 0

Answer:

DR Inventory                                        $609,000  

     Land                                                 $1,086,750  

     Buildings                                         $2,138,250  

     Customer Relationships                $842,250  

     Goodwill                                           $965,750  

CR Accounts Payable                                           $102,000  

       Common Stock                                                       $56,400

       Additional Paid-In Capital                                     $1,353,600

        Cash                                                                       $4,130,000

Working

Common Stock = 28,200 shares * $2 = $56,400

Additional Paid in Cap = 28,200 shares * ( 50 - 2) = $1,353,600

DR Additional Paid-In Capital                            $32,400

CR Cash                                                                                $32,400

DR Professional Services Expense                   $49,800

CR Cash                                                                                $49,800

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7 0
3 years ago
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6 0
3 years ago
You have the following information
stira [4]

Answer:

$50

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2 years ago
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8 0
3 years ago
Firms must provide the right incentives if they are to get _______ to focus on long-run value maximization. Conflicts exist betw
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Answer:

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This ultimately implies that, agency conflict arises when the incentives provided by the management, a principal, or an owner do not align well with those of an agent such as a manager, who is typically playing a fiduciary role.

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