Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes):

Assume that a parent company acquires its subsidiary on 1/1/xx, by exchanging 41,500 shares of its $1 par value common stock, wi

SIZIF [17.4K]

Answer: The total Asset is $531,225, The total owners Equity is $1,494,000

Explanation:

A balance sheet is a summary of debit and credit balances of asset and liabilities in a ledger. It is a financial statement prepared in order to determine the financial position of a business, in the event of acquisition of a subsidiary by a parent company, then a consolidated balance sheet will be prepared to unite the two entities. A consolidated balance sheet is a financial statement prepared to record the asset and liabilities of the two entities as one entity.in this case the aquisi

Consolidated Balance Sheet As At 1/1/××

$ $

Fixed Asset

PPE Asset (undervalued ) 81,000

Less : Depreciation. 5,400

----------

75,600

Goodwill. 162,000

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

Total Fixed Asset 237,600

Other Asset

Patent. 261,000

Amortization. 32,625

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

293,625

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

Total Asset. 531,225

Owners Equity

Common Stock 1,494,000

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

Total owners Equity 1,494,000

8 0

3 years ago

A stadium has 54 comma 000 seats. Seats sell for $25 in Section A, $20 in Section B, and $15 in Section C. The number of se

Dahasolnce [82]

Answer:

Section A = $27,000

Section B = $14,800

Section C = $12,200

Explanation:

In this question,we have to assume the things

Like - Let the number of seats in section B be X and, in Section C be Y

So, Section A = Section B + Section C

That means, Section A = X + Y

And, Section A + Section B + Section C = $54,000

Means, X + Y + X + Y = $54,000

2X + 2Y = $54,000

So, X + Y = $27,000

And, the other equation is 20X + 15Y = $1,54,000 - 25 × 27,000

So, the both equation is

X + Y = $27,000

20X + 15Y = $479,000

Now multiply 20 in equation 1

So,

20X + 20Y = $540,000

20X + 15Y = $479,000

Now deduct the equation 1 from equation 2

So, the value would equal to

5Y = $61,000

Y = $12,200

X = $27,000 - $12,200 = $14,800

And, the Section A = X + Y = $27,000

5 0

3 years ago

Read 2 more answers

The Hutters filed a joint return for 2019. They provide more than 50% of the support of Carla, Ellie, and Aaron. Carla (age 18)

sergey [27]

Answer:

Hutters can be claim two dependents

Explanation:

we know here that Hutters can be claim two dependents

because here given Carla and Ellie as Aaron meets neither the residency nor citizenship requirement

but Carla is a qualifying relative and is under the age of 24

but Ellie is above 24 but is a qualifying relative as scholarship is non-taxable

so

we can say that answer is two

8 0

3 years ago

Operations management is the discipline that manages the day-to-day and tactical activity of the entire value added chain, which

makvit [3.9K]

Answer:

Operations Management:

a) true

Explanation:

Operations management ensures that the organization achieves its objectives by coordinating processes and executing them in the conversion of organizational resources into goods and services which will enable the organization to maximize profits. It is the core of the organizational hierarchy and plays important tactical roles that deliver results. It translates the strategic policies of top management into day-to-day actionable and deliverable processes to meet external needs (customers'), thereby generating income for the owners of the business. Without operations management, a business remains an idea that cannot be implemented.

6 0

4 years ago

The Gap company caters to the needs of men and women by manufacturing three different lines of fashion-wear based on the purchas

Wittaler [7]

Answer: demographic

Explanation:

Demography simply has to do with population study. From the question, we are informed that The Gap company caters to the needs of men and women by manufacturing three different lines of fashion-wear based on the purchasing power of its customers.

This shows that Gap most likely segments the consumer market based on demographic variables.

3 0

3 years ago