Business, 11.06.2020 16:57 briannag0808
Pickup Company acquired 100 percent of the voting common shares of Sedan Corporation by issuing bonds with a par value and fair value of $200,000. Immediately prior to the acquisition, Pickup reported total assets of $600,000, liabilities of $370,000, and stockholdersâ equity of $230,000. At that date, Sedan reported total assets of $500,000, liabilities of $300,000, and stockholdersâ equity of $200,000. Included in Sedanâs liabilities was an account payable to Pickup in the amount of $50,000, which Pickup included in its accounts receivable.
Based on the preceding information, what amount of total assets did Pickup report in its balance sheet immediately after the acquisition?
a. 1,100,000
b. 1,000,000
c. 800,000
d. 1,600,000
Answers: 3
Business, 22.06.2019 03:00
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Answers: 1
Business, 22.06.2019 10:30
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is
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Business, 22.06.2019 11:00
Which ranks these careers that employers are most likely to hire from the least to the greatest?
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Business, 22.06.2019 11:30
(select all that apply) examples of email use that could be considered unethical include denying receiving an e-mail requesting that you work late forwarding a chain letter asking for donations to a good cause sending a quick message to your friend about last weekend sending your boss the monthly sales figures in an attachment setting up a meeting with your co-worker sharing a funny joke with other employees
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Pickup Company acquired 100 percent of the voting common shares of Sedan Corporation by issuing bond...
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