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Sergio [31]
2 years ago
13

On May 31, 2010 Amex Corporation acquired all of 10,000 shares of Luck’s outstanding common stock by paying Br 400,000 cash and

issuing 20,000 shares of Br 15 par common stock having a market value of Br 40 per share to Luck’s stockholders. In addition, Br 300,000 is contingent up on the achievement of Br 1,000,000 profit margin in the next annual period. The fair value of contingent consideration was Br 100,000. • Separate balance sheets of Amex Corporation and Luck Company on May 31, 2010, together with current fair values of Luck’s identifiable net assets are given on the next slide:​
Business
1 answer:
patriot [66]2 years ago
4 0

Answer:

27. Answer the following question in the negative.

Est-ce qu'il y a quelqu'un à la réception de l'hôtel?

Explanation:

gold j]ludkcmmmmm it is ood know

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During January 2017 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we
Norma-Jean [14]

Answer:

The correct answer is:

Expenditures—2017 in the amount of $200. (C.)

Explanation:

This scenario describes a record that was less than the actual amount spent on the General Fund supplies. The amount recorded was $2,000, meanwhile the actual amount spent was $2,000. This entails that an amount worth $200 was not recorded, hence it will be debited as expenditures, but the question now is where the debit will be recorded?

This review was done in January 2017, meaning that the income statement for the 2016 Fiscal year must have been balanced, hence the amount will be an expenditure recorded in 2017, but the particulars will have a description that it was a carried over expenditure from 2016. Therefore $200 will be debited from 2017 as expenditures.

5 0
3 years ago
What is a stock market
Dahasolnce [82]
It is a stock exchange 
5 0
3 years ago
Read 2 more answers
Lusk company produces and sells 15,900 units of product a each month. the selling price of product a is $29 per unit, and variab
Shkiper50 [21]
<span>Decrease by $57,400 per month. Looks look at the cash flow for continuing to produce product a and discontinuing product a. Continuing to produce Income = 15900 * $29 = $461,100 Variable Expenses = 15900 * 23 = $365,700 Fixed overhead = $109,000 Total cash flow = $461,100 - $365,700 - $109,000 = -$13,600 So the Lusk company is losing $13,600 per month while producing product a. Let's see what happens if they stop producing it. Income = $0 Variable Expenses = $0 Fixed overhead = $71,000 Total cash flow = $0 - $71,000 = -$71,000 So if they stop producing it, their fixed overhead decreases, but is still at $71,000 per month, for a total loss per month of $71,000. The conclusion is to either lose $13,600 per month, or $71,000 per month. So if they stop production of product a, their loss per month will increase by $57,400.</span>
6 0
3 years ago
Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (ignore §179 expense and bonu
marishachu [46]

Answer:

$42,853

Explanation:

The computation of the allowable MACRS depreciation on Convers’s property in the current year is shown below:

<u>Assets      Place in service    Quarter   Original Basis  Rate Depreciation</u>

Machinery

(7 years)     Oct 25                   4th           $70,000         14.29%  $10,003

Computer

Equipment

(5 years)    Feb 03                   1st            $10,000         20%       $2,000

Used delivery

truck

(5 years)     Mar 17                   1st            $23,000        20%       $4,600

Furniture

(7 years)     Apr 22                  2nd         $150,000       14.29%    $21,435

Qualified

improvement

(39 years)    May 12                 2nd         $300,000     1.605%     $4,815

Total                                                        $553,000                       $42,853

Refer to the MACRS depreciation table

and we used the half year convention

5 0
3 years ago
How do we advice company on how to support each of it`s S.B.U
BabaBlast [244]
The company's next task is to determine what objective, strategy and budget to assign to each SBU. Four strategies can be pursued: build, hold harvest, or divest.
4 0
2 years ago
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