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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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Sonbull [250]

Answer:

- context, composition, work design, and processes

Explanation:

While all the option have important parts which makes a team effective there are options with characteristics which do not affecrt the team effectiveness.

The resources available can vary between the projects thus, cannot determinated the effectiveness of a team. Thus, the second cannot be correct.

The size is a variable part as well thus, the third option cannot be correct neither.

Finally the task significance, the team should do an efficient job regardless of how much crucial is the job As if done badly all task have impact on the overall firm outcome. From janitor to managers is required that all team jobs make the extra mile or effort to achieve the desired outcome. Thus the fourth statement is not correct.

3 0
3 years ago
Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.
Anestetic [448]

Answer:

The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.

A. debit, $500,000

Explanation:

Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.

Euros 512100  

   

dólar 1 1,0242 euros

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x= 500.000  

7 0
3 years ago
in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
antoniya [11.8K]

The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

Thus, the statement is true.

To learn more about valuation, refer to the link:

brainly.com/question/16008101

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The question is incomplete. Your most probably complete question is given below:

State whether true or false.

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Answer:

Option A; INCREASED COMPETITION FROM IMITATORS.

Explanation:

Innovation occurs only when something is entirely new, having never been done before. Innovation also exist when something which may have been done elsewhere is done for the first time in a given industry.

On the other hand, when other competitors in the same industry subsequently copy the innovator, even though it is something new for them, then it is imitation.

When a company comes out with a new product, its competitors typically go on the defensive, doing whatever they can to reduce the odds that the offering will eat into their sales. Responses might include: cranking up marketing efforts, offering discounts to channel partners and even lobbying for regulations that would hinder the rival's expansion.

Therefore, Lilypad's managers should prepare for INCREASED COMPETITION FROM IMITATORS next.

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Access to local partner's knowledge and shared development costs and risks are advantages of which foreign market entry mode
balandron [24]
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