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KatRina [158]
3 years ago
8

On August 31 of the current year, Pine Corp. issued 100,000 shares of its $20 par value common stock for all of the net assets o

f SAP, Inc., in a business combination. The fair value of Pine's common stock on the acquisition date was $36 per share. Pine paid a fee of $160,000 to the consultant who arranged this acquisition. Costs of registering and issuing the equity securities amounted to $80,000. No goodwill or gain on a bargain purchase was involved. What amount should Pine record for the net assets acquired?
Business
1 answer:
love history [14]3 years ago
8 0

Answer:

C. $3,600,000

Explanation:

Calculation to determine What amount should Pine record for the net assets acquired?

Using this formula

Net assets = shares Issued *Faiir value of common stock on the acquisition date

Let plug in the formula

Net assets= 100,000* $36 per share

Net assets=$3,600,000

Therefore the amount that Pine should record for the net assets acquired is $3,600,000

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irina1246 [14]

Answer:

Option D is correct one.

Company X has a lower coefficient of variation than Company Y.

Explanation:

This is because company X has a lower standard deviation of returns than Company Y. Coefficient of variation = standard deviation/mean*100. Also mean of X will be higher as its expected return is higher than Y. So, the numerator (standard deviation) is lower and denominator (mean) is higher in case of X. This will lower its coefficient of variation than Company Y.

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3 years ago
Which of the following tools is an example of monetary policy?
loris [4]

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Explanation:

B C and D have become tools that have been tried.

Deficit spending is a budget/government policy. Its use should be very limited.

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Reducing income taxes is another government policy.

So only A is an example of monetary policy. This is a regulation imposed on the Banks by the Federal Reserve.

4 0
3 years ago
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ElenaW [278]

Answer: B. Jean

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From the scenario above therefore, Jean has the Absolute Advantage in producing Cakes as Jean can bake 12 cakes in an hour while Vincent can only bake 10.

6 0
3 years ago
The up and coming corporation's common stock has a beta of 1.05. if the risk-free rate is 5.3 percent and the expected return on
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