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
muminat
3 years ago
6

Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2018. The book value and fair value of Vicker'

s accounts on that date (prior to creating the combination) are as follows, along with the book value of Bullen's accounts:
Bullen Book Value Vicker Book Value Vicker Fair Value
Retained earnings, 1/1/20 $250,000 $240,000
Cash and receivables 170,000 70,000 $70,000
Inventory 230,000 170,000 210,000
Land 280,000 220,000 240,000
Buildings (net) 480,000 240,000 270,000
Equipment (net) 120,000 90,000 90,000
Liabilities 650,000 430,000 420,000
Common stock 360,000 80,000
Additional paid-in capital 20,000 40,000

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

(A) $524,000 and $420,000.
(B) $60,000 and $250,000.
(C) $524,000 and $250,000.
(D) $60,000 and $490,000.
(E) $380,000 and $250,000.

Business
1 answer:
Andru [333]3 years ago
4 0

Answer:

The answer is (c)$524,000 and $250,000...the explanation is attached below

Explanation:

You might be interested in
When the company pays rent expense for the current month, what is the effect on the accounting equation for that company?
GREYUIT [131]

Answer:

decrease the stockholder equity and decrease in assets

Explanation:

As we know, the accounting equation is  

Total assets = Total liabilities + stockholder equity

In the given case,  

The rent is paid for the current month, so the journal entry would be

Rent expense A/c Dr XXXXX

    To Cash A/c XXXXX

(Being rent is paid)

So it decreases the stockholder equity as it includes the income and expenses part and it decreases in assets as it reduces the cash balance

3 0
2 years ago
Sweet Sue Foods has bonds outstanding with a coupon rate of 5.44 percent paid semiannually and sell for $1,930.36. The bonds hav
tigry1 [53]

Answer:

Current yield=5.6%

Explanation:

<em>The current yield is the proportion of the current price of a bond earned as annual  interest payment.</em>

<em>Current yield = annual interest payment/bond price</em>

<em>Annual interest payment = coupon rate × face value</em>

                                          = 5.44% × $2000

                                          = $108.8

Current yield

= annual interest payment/price

= $(108.8/1,930.36) × 100

= 5.6%

Note we used the annual interest payment nothwithstanding that interests are paid semi-annually

6 0
3 years ago
You recently graduated from Empire State University with a degree in Marketing. You loved your time at Empire State, and have ma
11111nata11111 [884]

Answer and Explanation:

Demographic: the demographic aspect in looking at market segmentation variables in his coffee business would consider such things as age brackets, gender and different groups of population that would be interested in what his business aims to offer. Individuals who are in the older age brackets such as from 30-70 would be interested in coffee. Also these individuals are usually educated

Geographic:

This variable would consider where consumers are located geographically. Therefore are customers able to access the coffee shop easily I'm terms of proximity. How convenient is it to move to to the coffee shop from the customers location?

Psychographic:

what is customers attitudebor lifestyle ? Are customers thorough about the kind of coffee they want. Will customers accept to pay higher for higher quality coffee.

Behavioral: customers may consider the coffee shop a relaxation spot or a place to hangout with friends and family while enjoying a nice cup of coffee. What does this group do most and associate coffee with?

5 0
3 years ago
Some of your senior employees have started changing important information in a new call script. Newer employees have noticed, an
gregori [183]
The answer is b,c and e
5 0
2 years ago
Read 2 more answers
When the quantity of coal supplied is measured in kilograms instead of pounds, the demand for coal becomes
wolverine [178]

Answer:

the quantity of coal becomes more elastic

hope this helps you ☺️☺️

3 0
2 years ago
Other questions:
  • Adding _____ to a query specifies conditions that must be met for the values of the records to be returned by the query.
    7·2 answers
  • Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in December, and management f
    15·1 answer
  • The balanced scorecard approach uses only financial measures to evaluate performance. uses rather vague, open statements when se
    13·1 answer
  • Suppose you manage a local grocery store, and you learn that a very popular national grocery chain (Whole Foods or Walmart) is a
    9·1 answer
  • You need a 30-year, fixed-rate mortgage to buy a new home for $250,000. Your mortgage bank will lend you the money at an APR of
    9·1 answer
  • Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? Assume there
    14·1 answer
  • What is one advantage of starting a business in hard times
    8·2 answers
  • During January, Year 2, Geo entered into the following transactions: Paid $728 on account for utilities that were used during De
    11·1 answer
  • I have a question<br><br> I dont know I was just wondering
    8·1 answer
  • Match the factors to the target capital structure preferred.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!