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kaheart [24]
3 years ago
13

On December 31, 2021, Campbell obtained a loan for $650 and used the proceeds, along with the transfer of 35 shares of its $10 p

ar value common stock, in exchange for all of Newton’s common stock. At the time of the transaction, Campbell’s common stock had a fair value of $40 per share.In connection with the business combination, Campbell paid $25 to a broker for arranging the transaction and $30 in stock issuance costs. At the time of the transaction, Newton’s equipment was actually worth $1,450 but its buildings were only valued at $590.Compute the consolidated equipment (net) account at December 31, 2021.
Business
1 answer:
ElenaW [278]3 years ago
5 0

The consolidated common stock account at December 31 is  $1,430

Using this formula

December 31 Consolidated common stock account=Common Stock + Stock Issued par value

Let plug in the formula

December 31 Consolidated common stock account=$1,080+($10 × 35 shares)

December 31 Consolidated common stock account= $1,080 + $350

December 31 Consolidated common stock account= $1,430

Inconclusion The consolidated common stock account at December 31 is  $1,430

Learn more about consolidated equipment (net) account here:

brainly.com/question/20327244

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8 0
3 years ago
Juan spends all of his income on baseball cards and candy. At his current consumption bundle, the marginal utility of baseball c
Aleks [24]

Answer:

Juan should increase his consumption of candy and decrease his consumption of baseball cards.

Explanation:

Given that

The baseball cards marginal  utility is 20

And the candy marginal utility is 10.

Now If the baseball cards price is $10,

and the candy price is $2

So if we divide the marginal utility with the price so it will come 2 for baseball card and 5 for candy so the consumption of the candy should be increased while on the other hand the consumption of the baseball card should be decreased

7 0
3 years ago
As you wait in a drug store check-out line, you read the label on the bismuth subsalicylate antidiarrheal you're holding. You no
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Answer:

bismuth subsalicylate is potentially dangerous to children and adolescents recovering from chicken pox or influenza because theres a risk of Reye's Syndrome.

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Reye's Syndrome is a rare condition, if nausea or vomiting is observed after administration of the dose of bismuth subsalicylate, contact your doctor immediately, because these might be the early symptoms of the Reye's syndrome.

3 0
4 years ago
The most reliable capital budgeting technique that should be considered when comparing between mutually exclusive alternative in
tatiyna

Answer:

The most reliable capital budgeting technique that should be used when comparing mutually exclusive alternative investments is net present value.

The correct answer is C

Explanation:

Net present value is the difference between present value of inflow and present value of outflow. NPV is superior to other investment appraisal techniques because of its value additivity. Whenever conflict arises between net present value and internal rate of return, the conflict is resolved in the favour of net present value.

7 0
3 years ago
"You want to invest $13,000 and are looking for safe investment options. Your bank is offering a certificate of deposit that pay
ZanzabumX [31]

Answer:

The effective rate of return on this investment is 8.33%.

Explanation:

The effective rate of return is an interest rate applied (either earned or paid) on an amount invested annually and when the amount is compounded more than one.

The formula to compute the effective rate of return is:

Effective rate of return =[(1+(\frac{Nominal\ Rate}{n} ))^{n})-1]

The nominal rate is 8% compounded annually.

Compute the effective rate of return as follows:

Effective rate of return =[(1+(\frac{Nominal\ Rate}{n} ))^{n})-1]

                                      =[(1+(\frac{0.08}{365} ))^{365})-1]\\=[(1.00022)^{365}-1]\\=[1.0833-1]\\=0.0833\\\approx8.33\%

Thus, the effective rate of return on this investment is 8.33%.

7 0
3 years ago
Read 2 more answers
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