Answer:
B. Credit to the fair value adjustment for $6000
Explanation:
December 31 (year 2)
Fair value adjustment account balance = $10,000 (Debit)
December 31 (year 3)
Fair value adjustment account balance = $154,000 - $150,000 =$4,000 (Debit)
As you can see in year 2 there were only $10,000 (debit) in fair value adjustment account but in year 3 the value dropped down to 4,000 debit which leads us to the journal entry of $6,000 Credit in fair value adjustment account balance
Answer:
4. $3.00...$2.73
Explanation:
Basic EPS = Net income/average number of shares outstanding
= 1500000/500000
= $3 per share
Diluted EPS = 1500000/(500000 + 50000)
= $2.73 per share
Therefore, Colt should report earnings per share for 2018:
Basic Earnings Per Share of $3
Diluted Earnings Per Share of $2.73
Answer:
b. $ 50,000
Explanation:
Investment cost
720000
Book value of net asset
100000
420000
--------------
520000
Excess
200000
Allocated as follows
Land and equipment 50000
overvaluation of bonds payable 40000
Undervaluation of inventory 60000
Total 150000
Un allocated amount
Goodwill 50000
Total 200000
This is a mixture of both. You may lose a customer if you don't but most likely you will still have enough to keep moving forward with your career so I would say False
Answer:
guy who is this and what is the cow ate grass and died in the middle of the night
