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
swat32
3 years ago
14

1. A company acquires all of the assets and liabilities of another company. Which statement is false? A. The acquired company no

longer exists as a separate entity. B. The acquiring company reports the acquired assets and liabilities at fair value at the date of acquisition. C. The acquiring company does not revalue its assets and liabilities to fair value at the date of acquisition. D. The acquiring company does not report acquired intangible assets unless they are already reported on the acquired company's books.
Business
1 answer:
Scilla [17]3 years ago
8 0

Answer:

The answer is D.

Explanation:

When a company is acquiring a company, it is buying all the assets and liabilities of the acquired company.

The acquiring company will report the intangible asset(Goodwill). It is a purchased goodwill. Goodwill is the difference between purchase price and the net asset of the acquiring company.

Acquiring company will no longer exist because the acquired is buying all of the acquiring company's share.

All the assets and liabilities will be valued and reported at fair value to show the current market price.

It is not necessary for acquiring company to revalue all its assets and liabilities.

You might be interested in
What changes over time depending on the rate of return?
valentina_108 [34]
It changes over time, depending on the expected rate of return on productive assets exchanged among market participants and people's time preferences for consumption.

4 0
3 years ago
Sally works for Timber Products, Inc. The basis for her contribution under the Federal Insurance Contribution Act to help pay fo
Delicious77 [7]

Sally works for Timber Products, Inc. The basis for her contribution under the Federal Insurance Contribution Act to help pay for benefits that will partially make up for her loss of income on retirement is her ​annual wage base.

Answer: Option B

<u>Explanation:</u>

The contribution that Sally, who is working for Timber Products incorporation, has to make for federal insurance contribution act is based on the amount of wage that Sally gets on an annual basis or the wage that she gets in a year.

A part of that wage which is a particular percentage is paid to the federal insurance contribution act who is going to benefit her in case she incurs any kind of loss of income.

8 0
3 years ago
What is the difference between advertising and personal selling
Law Incorporation [45]
Advertising would be something over the world or state country etc that many people will see something that is advertised on tv or a bill board, personal selling would be something that your showing off on your on like on ebay etc that isnt sponsered by any companys and is for your own doing . Hope this helped ! (:
6 0
3 years ago
A $50,000 note payable is retired at its $50,000 carrying (book) value in exchange for cash. The only changes affecting retained
Andre45 [30]

Answer:

Increase in Cash is $3,500

Net cash flow from operations $143,310

Net cash flow from investing activities $4,500

Net cash flow from Financing activities -$135,310

Explanation:

Please refer to the attached for detailed prssentation

5 0
3 years ago
A college professor wants to know if the university students in the Unites States will find the new textbook that he has authore
matrenka [14]

Answer:

b. judgment sampling.

Explanation:

In this scenario, where he believes that this group of students will be representative of the university student population in the United States, the professor is most likely using Judgment or Expert sampling which is normally used in circumstances where the pointed population involves very intelligent people like student of the University of United States here who cannot be determined by using any different type of probability or non-probability sampling method.

4 0
3 years ago
Other questions:
  • Big Walnut Nut Company has the right to buy back its preferred stock from its preferred stockholders; however, the company will
    10·1 answer
  • A. On 8/6/10 the company purchased some additional equipment from a restaurant that closed the previous month. The equipment was
    5·1 answer
  • After being introduced to a higher-priced washing machine, the customer expresses a desire to purchase a lower-priced item. when
    12·1 answer
  • What is a formal arraignment to limit the production of a product
    7·1 answer
  • A firm has a debt-to-equity of 0.69 and a market-to-book ratio of 3.0. What is the ratio of the book value of debt to the market
    7·1 answer
  • Voyager Corporation has developed the following cost formula for its maintenance cost: Y = $300 + $2X, where X = the number of d
    7·1 answer
  • Year-to-date, Oracle had earned a −1.53 percent return. During the same time period, Valero Energy earned 8.07 percent and McDon
    5·1 answer
  • Department J had no work in process at the beginning of the period. 18,000 units were completed during the period, and 2,000 uni
    12·1 answer
  • Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for th
    11·1 answer
  • Your portfolio has grown from $2500 to $3800 what is the percent of the growth rate
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!