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2 years ago

Use the following information to answer the question below:

Business

1 answer:

Molodets [167]2 years ago

4 0

Answer:

d) All of the above

Explanation:

Pro forma income statements are basically estimated or expected income statements which do not necessarily comply with US GAAP norms (are not useful in legal terms), but should reflect future outcomes.

In this case, Acquirer didn't simply decide to purchase Target and carried the operation immediately. The process is long and complicated and many times companies negotiate fair values and future cash flows. If you analyze the acquisition process of Whole Foods by Amazon it is very interesting. After negotiations Amazon paid 4 times the capitalization value of Whole Foods.

Before the actual process ends, Acquirer should present a pro forma statement and it must include all the relevant issues about the merger. They already know how much the transaction will cost, what actions will be taken to increase profits and any other major event.

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During 2019, Enrique had the following transactions: Salary $70,000 Interest income on Xerox bonds 2,000 Inheritance from uncle

expeople1 [14]

Answer:

The correct answer is B

Explanation:

Calculation of AGI for 2019 -

Salary Income $70,000

Interest income on Xerox bonds $2,000

Inheritance from uncle $ 40,000

Deduction : Capital Loss ($2500)

Contribution to traditional IRA ($5500)

Inheritance from uncle ($40,000)

Total = $64,000

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2 years ago

QS 15-4 Raw materials journal entries LO P1 During the current month, a company that uses job order costing purchases $90,000 in

Temka [501]

Answer:

The journal entries are shown below:

Explanation:

The journal entries are as follows

Raw materials inventory $90,000

To Cash $90,000

(Being the raw material is purchase for cash is recorded)

Factory overhead $17,000

Raw materials inventory $17,000

(Being the factory supplies is recorded)

Work in process inventory $66,100

Raw materials inventory $66,100

(Being the work in process is recorded)

Only these three entries are to be recorded)

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2 years ago

Many consumers correlate price with quality, thinking that the higher the price, the better the quality. For these consumers, al

Aleonysh [2.5K]

Answer:

c) A heuristic

Explanation:

Price is a decision heuristic a shortcut to simplify and shorten the decision process. You get what you pay for is related to this heuristic.

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2 years ago

Computer equipment was acquired at the beginning of the year at a cost of $57,000 that has an estimated residual value of $9,000

ioda

Answer:

$9,600

Explanation:

Annual Depreciation = Cost – Residual Value/Useful Life

Using the formula

Cost=$57,000

Residual value =$9,000

Useful life =5years

Hence:

$57,000 – $9,000/5

=$48,000/5

= $9,600

The second-year depreciation will therefore be $9,600

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2 years ago

On December 31, 2020, Cullumber Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and C

Oksi-84 [34.3K]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx

6 0

3 years ago