1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikitich [7]
3 years ago
5

Company ABC acquires company XYZ on 12/31/2016 in a share-for-share transaction worth $10 million. On 12/31/2016, XYZ financial

statements reported total assets $12 million, liabilities $8 million, stockholders equity $4 million, and net income for fiscal 2016 $2 million. At the time of acquisition, the fair value of XYZ's assets equals its book values, except for property, plant and equipment which has a fair value $2 million higher than its book value. Goodwill is expected to be amortized over 10 years, and the average life of depreciable assets is 10 years. If ABC uses purchase accounting to record the acquisition, the amount of goodwill that will appear on its balance sheet as of 12/31/2016 with respect to the acquisition of XYZ will be _____.
Business
1 answer:
seropon [69]3 years ago
5 0
Simply 2mill * number one ☝ the best in north east bay north north west of the east east north north bay east bay
You might be interested in
At December 31, 2019 ABC Company’s inventory records indicated a balance of $878,000. Upon further investigation it was determin
KiRa [710]

Answer:

$ 701,000

Explanation:

Balance At December 31, 2019 = $878,000

$168,000 will be deducted since these are not due to be received until January 2nd as well as $9,000 will also be deducted

$878,000 - $168,000 - $9,000 = $ 701,000

8 0
3 years ago
Garber Plumbers offers a 20% trade discount when providing $2,000 or more of plumbing services to its customers. In March 2021,
Evgesh-ka [11]

Answer:

Red Oak 3,136

Cyril Inc 1,470

Total net revenue 4,606

Explanation:

Red Oak

4,000 - 20% trade-in allowance = 3,200

if payment within discount period: 3,200 x 2% = 64

3,200 - 64 = 3,136 for Red Oak

Cyril Inc

1,500 not qualificable for allowance

payment within discount period

1,500 x 2% = 30

1,500 - 30 = 1,470 for Cyril Inc

6 0
3 years ago
To reference a variable, you use a dollar sign ($) in front of it or enclose it in ____.
stiv31 [10]
The answer is <span>curly brackets ({ })
This type of reference often used in prgogramming language.
The dollar sign is not really meant to used programatically. But coders often used it as personal tools that help their convenience during the programming process.</span>
6 0
3 years ago
Rodney is a manager at Span Content. He makes unrealistic promises to the clients. Instead of being concerned about how his empl
Travka [436]

Answer:

The correct option is D

Explanation:

The authority-compliance style is the leadership style, in which the managers are autocratic, follow strict rules in the work, procedures and the policies and view the punishment as a way which is effective for motivating the members of the team.

In this case, Rodney is the manager who is strict and concerned regarding the product delivery. So, he is following the style of authority-compliance.

.

7 0
3 years ago
Checks written in late December do not appear on a December 31 Bank Statement because they were not cleared by the bank as of Ma
Shkiper50 [21]

Answer:

B) Subtract them from the bank balance.

Explanation:

When you are adjusting your bank statement you must subtract any outstanding checks and add any deposits in transit.

In this case, the checks that were written at the end of December will probably be cashed during the next months, but the company must adjust their bank balance because they know that the checks will eventually be cashed, sooner or later.

6 0
3 years ago
Other questions:
  • The overall attractiveness of a foreign market depends on the risks and rewards of conducting business in the country of interes
    7·1 answer
  • Angel Enterprises reported the following stockholder’s equity at year-end: Preferred Stock, 3%, $200 Par, 10,000 shares authoriz
    7·1 answer
  • Kab works hand-in-hand with the usda people's garden initiative, which:
    5·1 answer
  • PLEASE HELP ASAP!!!! CORRECT ANSWERS ONLY PLEASE!!!!
    13·1 answer
  • The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits Sa
    11·1 answer
  • a. Total assets of Charter Company equal $710,000 and its equity is $425,000. What is the amount of its liabilities
    12·1 answer
  • Restraint of trade involves interfering with free<br> competition.<br> O<br> True<br> O False
    8·1 answer
  • Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college
    14·1 answer
  • Alan owns a commercial landscaping business and does most of his work during the summer months. One day, he arrives at work to f
    5·1 answer
  • .Un emprendedor desea comercializar bicicletas, ha calculado que los gastos fijos son de $35,000,000, el precio de venta de cada
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!