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Colt1911 [192]
3 years ago
15

McGuire Company acquired 100 percent of the voting common shares of Able Corporation by issuing bonds with a par value and fair

value of $150,000. Immediately prior to the acquisition, McGuire reported total assets of $500,000, liabilities of $280,000, and stockholders’ equity of $220,000. At that date, Able reported total assets of $400,000, liabilities of $250,000, and stockholders' equity of $150,000. Included in Able’s liabilities was an account payable to McGuire in the amount of $20,000, which McGuire included in its accounts receivable. Based on the preceding information, what amount of total assets did McGuire report in its balance sheet immediately after the acquisition?
Business
1 answer:
-Dominant- [34]3 years ago
4 0

Answer: $650,000

Explanation:

Given that,

Fair and par value of issued bonds = $150,000

Prior acquisition, McGuire reported

Total assets = $500,000

Liabilities = $280,000

Stockholders’ equity = $220,000

At that date, Able reported

Total assets = $400,000

Liabilities = $250,000

Stockholders’ equity = $150,000

Account payable to McGuire = $20,000

Total assets reported by McGuire after acquisition:

= Total assets + Fair value of investment

= $500,000 + $150,000

= $650,000

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Allushta [10]

Research has found that employees whose managers participated in leadership training programs reported higher levels of organizational commitment afterwards.

<h3>Why is leadership development crucial for a company?</h3>

Managers and leaders are often encouraged through leadership skills training to: Discover fresh, creative approaches to managing and developing people.create fresh business chances.

Take on the bigger socioeconomic problems they are facing.

<h3>How might leadership abilities enhance work performance?</h3>

Effective leaders are ready to encourage their team, handle and assign tasks, hear criticism, and have the pliability to address issues in a workplace that is always evolving.

These are the qualities that hiring managers search for in candidates for leadership positions.

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5 0
1 year ago
The actual cash received from cash sales was $36,006 and the amount indicated by the cash register total was $36,010. Journalize
andrezito [222]

Answer:

Cash shorting = 36,010 - 36,006 = $4

DR Cash                                                                  $36,006

     Cash Short and Over                                        $         4

     CR Sales                                                                            $36,010

There is a shortage of cash as the sales figure is more than the cash amount. The Cash Short and Over account will therefore be debited to reflect this expense.

7 0
3 years ago
Terra Corporation purchased equipment with a 10-year useful life and zero residual value for $100,000. At the end of the fourth
vazorg [7]

Answer:

Assets increase by $10,000

Total stockholders' equity increases by $10,000

Explanation:

Since in the question, it is given that, the purchase value of equipment is $100,000 and the exchanged value is $110,000

So, the difference of $10,000 ($110,000 - $100,000) would reflect that the assets would increase by $10,000 and the total stockholders' equity is also increased by $10,000

The exchange value is a combination of $70,000 in trade allowance and $40,000 was paid in cash

3 0
3 years ago
Dropping small hints to let this employee know that his or her behavior is bothering you.
makvit [3.9K]

Answer:

The statement has to be classified as very effective or very ineffective.

The correct answer is:

Very ineffective

Explanation:

The word effective means "something that results in the desired effect", therefore, ineffective means the opposite "something that does not result in the disired effect".

In this case, the desired effect is to modify the employee's behaviour. If we as employers drop small hints about what is bothering us, the employee may not be able to understand what we mean, and continue behaving in the same manner.

It is more effective to have clear, straightforward communication in the workplace. If an employee behaviour is bothering us, we should simply communicate it in a direct and respectful manner.

5 0
3 years ago
As rationing mechanisms, prices options: a. are efficient, but long lines are inefficient. b. and long lines are inefficient. c.
valentina_108 [34]

Answer:

a. are efficient, but long lines are inefficient

Explanation:

A rationing mechanism is a system in which who gets how many goods during a shortage is carefully chosen, in order to do these long lines are used even though they are inefficient.

I hope you find this information useful and interesting! Good luck!

4 0
3 years ago
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