Answer:
Consider the following calculations. The answer is $135,000.
Explanation:
Book value of inventory of acquiring company before combination = $90,000
Fair value of acquired inventory = $45,000
Amount of total inventory immediately after business combination = $90,000 + $45,000 = $135,000
Hence, answer is $135,000
Answer and Explanation:
As per the data given in the question,
Net income per unit = sale per unit - total cost
Sell of basic kit Process stage 2 kit Net income(inc./dec. )
Sales per unit $22 $34 $12
Cost per unit
Direct materials $8 $4 $4
Direct labor 0 $11 -$11
Total cost $8 $15 -$7
Net income per unit(inc.)$14 $19 $5
Answer:
All net income, less all dividends, since the company began operations.
Explanation:
Retained Earnings are the retained profits that the company keeps with itself, for meeting any case of emergency or for growing company and thus, meeting the growing expenses.
Each year when company earns profits and then, it distributes its profits in the form of dividends, the balance remaining after paying the dividends is added to retained earnings.
Thus, the entire balance of these kind of profits not paid anywhere else and also not utilized is called retained earnings.
