1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
damaskus [11]
3 years ago
9

Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shar

es of Vicker. What will be the consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction?
Business
1 answer:
CaHeK987 [17]3 years ago
8 0

Answer:

$504,000

Explanation:

Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker.

The consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction will be:

Journal entries

Dr. Cash (12000 shares x $47)..................................$564,000

Cr. Common Stock (12,000 shares x $5).................................$60,000

Cr. Additional Paid-In Capital [(12,000 shares x ($47-$5)].$504,000

Being issue of common of $5 per share at the price of $47 per share

You might be interested in
As Quentin checks out of a hotel, he recalls the expectations of quality and service he had upon arriving at the hotel and reali
Soloha48 [4]

Answer:

Experiential

Explanation:

Experiential is the term which is defined as something experiential and it comes from the real world or from experience. It is the procedure of learning through a experience, which is particularly stated as learning by reflection on doing.

So, in this case, the Quentin checks into a hotel, where on arriving he realizes that grounded on expectations, he is not thrilled with the experience. Therefore, this kind of purchase is defined as experiential.

3 0
4 years ago
Which of the following best describes horizontal analysis? comparing financial statement amounts from year to year for the same
iren [92.7K]

Answer:

Comparing financial statement amounts from year to year for the same company

Explanation:

When you carry out a horizontal analysis of the financial statements of a corporation you compare how the different accounts have changed over a period of time.

For example, you can perform a horizontal analysis to determine how total costs affect net profits in the income statement. You take the 2017, 2018 and 2019 income statements and compare how total costs have evolved during that period or time, and what percentage do they represent of total revenue.

5 0
3 years ago
An early 1970s government study ("Work in America") identified three chief sources of worker dissatisfaction. Which of the follo
Sidana [21]

Answer:

"The rigidity of rules and regulations " is the appropriate response.

Explanation:

  • Rigidity seems to be a distinguishing characteristic of the disposition among people with autism or disabilities.
  • The same kind of perspective also requires an individual to implement strict guidelines to circumstances that require uncertainty as well as consistency.

That being said, regulations, as well as standards, seldom operate stringently, with little difference throughout circumstances and conditions.

6 0
3 years ago
Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with t
Makovka662 [10]

Answer:

3.44%

Explanation:

For this question we use the RATE formula that is shown on the attachment

Data provided in the question

Present value = $15,000,000

Future value or Face value = $0

PMT = $1,050,000

NPER =  20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the rate pf the return is 3.44%

3 0
3 years ago
The income statement of Sheridan Company for the month of July shows net income of $3,480 based on Service Revenue $7,890, Salar
ANEK [815]

Answer:

what do u want from me monq I told you bye so bye mean bye

8 0
3 years ago
Other questions:
  • SHAPE magazine is targeted at young women seeking healthier lifestyles. At a price of $3 per copy, 1.25 million copies are sold.
    7·1 answer
  • Jake is a sales representative for General Mills. Each week he uploads his plans for visiting clients out in the field to a rout
    15·1 answer
  • Presented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with ter
    10·1 answer
  • You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to
    6·1 answer
  • In the moeny market, an excess supply of money is equivelant to an excess of bonds
    7·2 answers
  • One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card u
    15·1 answer
  • Which of the following statements best explains why the red bar goes up when the blue goes up?
    11·1 answer
  • Conifer Craft is a furniture firm that specializes in creating customized furniture for the commercial market. The firm has rece
    5·1 answer
  • Despite potential benefits the disadvantages of a matrix structure include which of the following
    5·1 answer
  • Don wanted to incorporate his business and liked the attributes of an S-corporation, however, he did not feel the eligibility re
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!