All categories

3 years ago

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

You might be interested in

In the shipbuilding industry, Polish and Chinese shipyards offer simple, standard vessel types at low prices that reflect low pr

QveST [7]

In the shipbuilding industry, Polish and Chinese shipyards offer simple, standard vessel types at low prices that reflect low production costs. This represents a generic strategy related to cost focus.

<h3>What is shipbuilding?</h3>

Building ships and other floating vessels is known as shipbuilding.
Typically, a shipyard, a specialized location, is where it happens.
Shipwrights, another name for shipbuilders, practice a specialized trade that dates back to times before written history.
Naval engineering is the term used to describe both commercial and military shipbuilding and ship maintenance.
Boat building is a related activity that involves making boats.

<h3>What is a shipyard?</h3>

Ships are constructed and maintained in shipyards, sometimes known as dockyards.
These could include yachts, military ships, cruise ships, or other types of passenger or freight ships.
Compared to shipyards, which are sometimes more involved with the original construction, dockyards are sometimes more associated with maintenance and basing activities.
Due to the frequent role changes and mergers that have occurred as dockyards and shipyards have developed, the terms are frequently used synonymously.

Learn more about shipbuilding here:

brainly.com/question/9193851

#SPJ4

5 0

2 years ago

Seven sources of waste use resources that do not add value to the product or service. Which activity represents waste: Select on

NARA [144]

D packaging finished goods.

4 0

2 years ago

Jeff is an entrepreneur who decided to start an online bakery. Since all his business will be done online and he can bake in his

nekit [7.7K]

Answer:

competition

Explanation:

In simple words, competition refers to the tendency of two or more parties to perform better than one another for the sake of own personal benefits. In business, competition can be done from various perspectives like price or quality.

In the given case, Jeff has been producing at a lower cost but despite of earning high profits he is willing to sell for lower prices with the motive of competing in the market and gaining higher market share.

6 0

3 years ago

The amount of the check is written in how many places?

Evgen [1.6K]

2

In numerical form on the left and written out on amount line

4 0

3 years ago

Read 2 more answers

William is interested in exercising more, but does not feel he has the time. Write a short response explaining how he can find t

solong [7]

Exercising doesn't mean you have to spend hours in the gym. Exercises can be done at the comforts of your home too, and there's plenty of exercise available, especially for those who have less time to do so. Just like for example, waiting time. While you are waiting for your clothes in the washing machine to finish, you may use this time to do some basic exercises such as running in place, jumping jacks or carrying weights.

4 0

3 years ago