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umka21 [38]
3 years ago
10

PDX Corp. acquired 100% of the outstanding common stock of Sea Corp. in a business combination accounted for using the acquisiti

on method. The cost of the acquisition exceeded the fair value of the identifiable assets and assumed liabilities. The general guidelines for assigning amounts to the inventories acquired provide for
Business
1 answer:
Misha Larkins [42]3 years ago
7 0

Answer:

Cost of Inventory = Selling Prices - Cost to Sell  -  Reasonable Profit Allowance

Explanation:

Acquisition Accounting tells about how to report accounts and with what amount in a consolidated financial statements. It also helps in assigning values to goodwill, NCI and combined business operations like Marketing, Selling, Manufacturing costs, etc.

Under Acquisition Accounting the net assets are always valued at their fair market value and the inventory is reported at:

Cost of Inventory = Selling Prices - Cost to Sell  -  Reasonable Profit Allowance

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Which statement best explains scholarships that cover the costs of an education? They require the use of savings. They need to b
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Foreign Direct Investment means:________a. buying or creating facilities in another country for producing in local markets. b. b
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Answer:

a. buying or creating facilities in another country for producing in local markets.

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3 years ago
Burkert Company has​ 50,000 shares of​ $1 par value common stock issued and outstanding. The company also has 4,000 shares of​ $
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A. $48 comma 000 $48,000

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