On january 1, 2013, the stockholders of phillips and solina agreed to a consolidation. because fasbrequires that one party be recognized as the acquirer and the other as the acquiree, it was agreed that phillips wasacquiring solina. phillips agreed to issue 20,000 shares of its $10 par stock to acquire all the net assets of solinaat a time when the fair value of phillips’ common stock was $15 per share.

on the date of consolidation, the fair values of solina’s current assets and liabilities were equal to their bookvalues. the fair value of plant and equipment was, however, $150,000. phillips will incur $20,000 of direct acqui-sition costs and $6,000 in stock issue costs.

required: prepare the journal entries on the books of phillips to record the acquisition of solina company’s net assets.

What are six resources for you decide which type of business to start and how to start it?

One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?