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ch4aika [34]
3 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
Business
1 answer:
Murljashka [212]3 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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If Chester Corp. were to buy all of it's shares outstanding at its current price, how much would it cost Chester Corp, excluding
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$82, 727, 931

Explanation:

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2 years ago
A ticket reseller purchases a ticket to a football game for $40 and offers it for sale at a price of $75. A consumer is willing
Burka [1]

Answer:

profit + consumer surplus.

Explanation:

The profit obtained by the reseller is given by the difference between the amount received on sale ($75) and the purchase price ($40). The consumer surplus is determined as the difference between the willingness to pay ($90) and the actual amount paid ($75). Therefore, the difference between $90 and $40 is the profit plus the consumer surplus.

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2 years ago
Hayes Bakery has sales of $30,600, costs of $15,350, an addition to retained earnings of $4,221, dividends paid of $469, interes
scZoUnD [109]

Answer:

$8,013

Explanation:

The computation of the amount of the depreciation expense is shown below:

The net income is

= An addition to retained earnings + cash dividend paid

= $4,221 + $469

= $4,690

Now the earning before tax

= (Net income) ÷ (1 - tax rate)

= ($4,690) ÷(1 - 0.21)

= $5,937

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= $7,237

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8 0
2 years ago
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