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4 years ago

15

Old Corp. (target) merges into New Corp (acquiring) in a statutory Type A merger. What will the basis in Old Corp.'s assets be i

n the hands of New Corp

1 answer:

Murljashka [212]4 years ago

5 0

Answer:

Carryover basis

In a Type A merger, the basis of the assets and liabilities carries over to the surviving entity.

Explanation:

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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units)

RoseWind [281]

Answer:

d.$38,000

Explanation:

The computation of the inventory amount is shown below:

= (Total cost and expenses amount ÷ number of units produced) × unsold units

= ($380,000 ÷ 10,000 units) × 1,000 units

= $38,000

All other information which is given in the question is not relevant. Hence, ignored it

We simply divide the total cost and expenses amount with the production units and then multiply it by unsold units

4 0

4 years ago

Which of the following statements is true? *

lina2011 [118]

Answer:

Net Income = Gross Income - Taxes Owed

Explanation:

Net income is the amount one gets after all deductions are considered. Deductions include taxes, expenses, voluntary and involuntary contributions.

To a salaried person, net income is the gross pay minus taxes and all deductions. It is the take-home pay.

5 0

3 years ago

"Makers Corp. had additions to retained earnings for the year just ended of $213,000. The firm paid out $183,000 in cash dividen

yuradex [85]

Answer:

Dividends per share is $1.66

Book value per share is $44.36

Market-to-book ratio is 1.42

Price-earnings ratio is 32.54

Price-sales ratio is 1.97

Explanation:

1 ) What are dividends per share?

Dividends per share = cash dividends/ number of shares = $183,000/ 110,000 = $1.66

2) What is the book value per share?

Book value per share = total equity/ number of shares = $4,880,000 / 110,000 = $44.36

3) If the stock currently sells for $63 per share, what is the market-to-book ratio?

Market-to-book ratio = $63/ $44.36 = 1.42

4) What is the price-earnings ratio?

The price of Makers Corp. = market price * number of shares = $63* 110,000 = $6,930,000

Price-earnings ratio = $693,000/ $213,000 = 32.54

5) If the company had sales of $3.52 million, what is the price-sales ratio?

Price-sales ratio = market price/ sales = $6,930,000/ $3,520,000 = 1.97

6 0

3 years ago

What is the minimum wage for a restaurant

kondaur [170]

If wages and tips do not equal the federal minimum wage of $7.25<span> per hour during any pay period, the employer is required to increase cash wages to compensate. As of May 2012, the average hourly wage – including tips – for a restaurant employee in the United States that received tip income was $11.82.</span>

7 0

3 years ago

Read 2 more answers

During year 4, King Company made the following expenditures relating to its plant building: Continuing and frequent repairs $40,

Nana76 [90]

Answer: $64000

Explanation:

The amount that should be charged to the repair and maintenance expense in year 4 will be calculated thus:

Continuing and frequent repairs = $40,000

Add: Repainted the plant building = $10,000

Add: Partial replacement of roof tiles = $14,000

Repair and maintenance expense = $64,000

8 0

3 years ago