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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
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Jack offers to sell Jill his automobile for $10,000. Jill says she must think about but that she is not rejecting his offer. Jil
wel

Answer:

The sale of the car is canceled

Explanation:

For two reasons I think this. Jack had already sent out a letter to jill stating that the car is no longer for sale. As the current owner of the vechile he has the right at any point in time to draw out of the deal up till the actual signing over of the car.  

3 0
3 years ago
Furnco sells secretarial chairs. Annual demand is normally distributed, with mean of 1,040 chairs and standard deviation of 50.9
kaheart [24]

Answer:

Reorder point is 40

Explanation:

Reorder point is the level of inventory which trigger the purchase of new inventory.

The formula for Reorder point is

Annual demand * Leadtime + Safety Stock

Reorder Point = 1040 / 365 * 14 days + 0

= 40.

The lost sales cost is $50 in goodwill, Furnco should keep a safety stock of at least 30 chairs in order to meet demand level.

7 0
2 years ago
The following data about Atlantis Trading Inc. is available. What is Atlantis’s cash flow from operating activities? Items Amoun
Murljashka [212]

Answer:

B

Explanation:

7 0
3 years ago
Read 2 more answers
Sheila sells land to Elane, her sister, for the fair market value of $40,000. Six months later when the land is worth $45,000, E
77julia77 [94]

Sheila Recognized gain is \$16000

Jacob Recognized gain is \$8000

<u>Solution: </u>

Sheila’s Sale:

Amount noticed              \$40,000

Fixed basis                      (24,000)

                                       -------------

Gain                                 \$16,000

Recognized Gain = \$16,000

Jacob’s Sale:

Amount noticed              \$48,000

Fixed basis                      (40,000)

                                       -------------

Gain                                \$8,000                            

Recognized Gain = $8000

The $40,000 profit base of Jacob is same as the adjusted basis of Elane.

8 0
3 years ago
Help! Will give brainliest;)
poizon [28]
False that just don’t make since lol
6 0
2 years ago
Read 2 more answers
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