On january 1, 2011, punch corporation purchased 80% of the common stock of soopy co. separate balance sheet data for the companies at the acquisition date(after the acquisition) are given below: punchsoopy cash $34,000 $206,000 accounts receivable 144,000 26,000 inventory 132,000 38,000 land 68,000 32,000 plant assets 700,000 300,000 accum. depreciation (240,000) (60,000) investment in soopy392,000total assets$1,230,000 $ 542,000 accounts payable $206,000 $142,000 capital stock 800,000300,000 retained earnings224,000 100,000total liabilities & equities$ 1,230,000 $ 542,000 at the date of the acquisition, the book values of soopy's net assets were equal to the fair value except for soopy's inventory, which had a fair value of $60,000. determine below what the consolidated balance would be for each of the requested accounts.

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?