On December 31, Miller issues 50,000 shares of its $20 par value common stock for all of the out- standing shares of Richmond Company .As part of the acquisition agreement, Miller agrees to pay the former owners of Richmond $250,000 if certain profit projections are realized over the next three years. Miller calculates the acquisition- date fair value of this contingency at $100,000 In creating this combination, Miller pays $10,000 in stock issue costs and $20,000 in accounting and legal fees. . Required a. Miller's stock has a fair value of $32 per share. Using the acquisition method: 1. Prepare the necessary journal entries if Miller dissolves Richmond so it is no longer a separate legal entity 2. Assume instead that Richmond will retain separate legal incorporation and maintain its own accounting systems. Prepare a worksheet to consolidate the accounts of the two companies. b. If Miller's stock has a fair value of $26 per share. describe how the consolidated balances would dif- fer from the results in requirement (a).

answer; i believe the correct answer is (180)

turnover

the amount of money taken by a business in a particular period.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.