The financial statement amounts for the Atwood Company and the Franz Company as of December 31, 2021, are presented below. Also included are the fair values for Franz Company's net assets (all numbers are in thousands). Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Accrued expenses Long-term liabilities. Common stock ($20 par) Common stock ($5 par) Additional paid-in capital Retained earnings 1/1/18 Revenues Expenses Atwood Franz Co. Franz Co. Book Value Book Value Fair Value 12/31/2021 12/31/2021 12/31/2021 $ 240 870 $ 240 660 600 600 420 580 260 250 $ 1,230 1,800 1,800 660 (570) (270) 540 380 (240) (60) (2,700) (1,020) (1,980) (210) (1,170) (2,880) 2,760 (420) (180) (480) (660) 620 650 400 (240) (60) (1,120) Note: Parenthesis indicate a credit balance Assume an acquisition business combination took place at December 31, 2021. Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz. Stock issuance costs of $15 (in thousands) and direct costs of $10 (in thousands) were paid. Compute consolidated buildings (net) at the date of the acquisition. Compute consolidated goodwill at the date of the acquisition.
Answers
Consolidated Buildings (net): Consolidated Buildings (net) is $4,620. Consolidated Goodwill: Consolidated Goodwill is $600.
Consolidated Buildings (net) are $4,620, as shown below:Atwood Franz Co. Franz Co. Book Value Book Value Fair Value 12/31/2021 12/31/2021 12/31/2021 Buildings (net) 540 400 620 Total 540 400 620The Atwood Company is acquiring all of the outstanding common shares of the Franz Company. This implies that a business combination takes place at December 31, 2021.
Here, Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz. $15 thousand stock issuance costs and $10 thousand direct costs were paid. Compute the consolidated buildings (net) at the date of the acquisition.As of December 31, 2021, the Atwood Company’s buildings had a book value of $540 thousand. The Franz Company’s buildings had a book value of $400 thousand and a fair value of $620 thousand.
Therefore, the buildings’ consolidated buildings (net) of the financial statement at the date of the acquisition are: Atwood’s buildings + Franz’s buildings’ fair value= Consolidated Buildings (net) = $540 thousand + $620 thousand = $1,160 thousand+ Franz’s buildings’ book value= Consolidated Buildings (net) = $1,160 thousand + $400 thousand = $1,560 thousandThe Consolidated Buildings (net) amount to $4,620 thousand.Consolidated Goodwill is $600. The consolidated goodwill computation is: Consideration transferred $ 1,750Fair value of identifiable net assets acquired -1,380Goodwill $ 370The goodwill amount is $370 thousand.
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Related Questions
the foreign corrupt practices act outlawed question 13 options: accounting fraud. price collusion. corruption in government. bribery of officials in other countries. executive misconduct.
Answers
The foreign corrupt practices act outlawed d. bribery of officials in other countries.
What is corrupt practices act?
The United States passed the Federal Corrupt Practices Act, often known as the Publicity Act, in 1910 and revised it in 1911 and 1925. Up until the Federal Election Campaign Act was passed in 1971, it remained the basic legislation of the country governing campaign funding in federal elections. On June 25, 1910, President William Howard Taft signed the Act.
For House general elections, the Act set expenditure caps for political parties. By mandating political party national committees to provide post-election reports on their contributions to particular candidates and their own expenditures, it was the first federal law to call for the public disclosure of spending by political parties but not by candidates.
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item9 10 points ebookreferencescheck my workcheck my work button is now disabled1item 9 yang services has annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends, $280 in interest, and has a total tax rate of 21 percent. the firm will add $2,810 to retained earnings. what is the depreciation expense?
Answers
As per the given accounting information, it is to be ascertained that the depreciation expense for Yang Services for the previous year will be $4,443.
The depreciation expense is to be assumed as the expense that a firm makes in order to record the depreciation of one or all of its assets during a given particular period or a financial year. For the above condition, it can be computed as shown below.
Depreciation Expense = Revenue – Sales Cost – Administration Expenses
Depreciation Expense = 37800 – 23200 - 6300
Depreciation Expense = 4,443
Therefore, it has been computed that the depreciation expense for Yang Services is $4,443.
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maria works for sigma inc., a firm that helps companies target and promote their products to the right markets. sigma is most likely a . group of answer choices
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Maria works for Sigma Inc., a company that assists businesses in targeting and marketing their products to the appropriate audiences. Sigma is almost certainly a marketing services agency. Hence, the correct answer is a marketing services agency.
What exactly is a marketing services agency?Marketing Services Agencies are independent enterprises that help businesses get their products to their target customers; they include marketing research firms, advertising agencies, sales promotions experts, marketing consultants, and so on. A full-service marketing firm is one that can handle all of your digital marketing, advertising, and promotional needs. A complete service marketing agency, with a group of professionals in several disciplines, can provide you with comprehensive plans and effective solutions as an integrated member of your team.
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What is one reason that could explain why some unethical behavior goes
unreported?
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Answer:
Well some people may be threatened by the person who is engaging in unethical behavior or some are just timid and keep to themselves, and just tolerate the unethical behavior, in order to not create conflict or not make enemies within the workplace. But either way we should always report unethical behaviors if we witness it, because if you do not take action it can create an atmosphere where misconduct spreads like wildfire.
A customer-centric philosophy transcends all functional areas of a company, producing an internal system in which all of the firm's decisions and actions result directly from customer information.
true or false
Answers
A customer-centric philosophy transcends all functional areas of a company, producing an internal system in which all of the firm's decisions and actions result directly from customer information. True .
Customer centricity, also known as customer centricity, is a strategy and business culture focused on creating the best experience for customers, thereby building brand loyalty. A customer-centric company ensures that the customer is at the heart of the company's philosophy, operations, or ideas.
Zappos is a great example of how a business can thrive with a model focused on customer service and satisfaction. They profess to be a service company that also sells shoes, clothing and accessories, and support that identity in every aspect of their business strategy.
A broader definition of customer-centric behavior includes going beyond what customers think and feel and being inspired by megatrends that impact their long-term challenges.
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which of the following would cause the aggregate demand in franklandia to increase? a the stock market in franklandia is losing value. b the central bank of franklandia is increasing the money supply. c exports to foxystan are falling. d personal income tax rates are rising in franklandia. e the aggregate price level in franklandia is falling.
Answers
The French central bank is expanding the available currency. (Choice c)
How would you define the money supply?The total quantity of cash, coins, including balances in checking accounts existence is known as the money supply. The supply of money is typically understood as a collection of secure assets that individuals, businesses, and governments may utilize to make a payment or hold as brief investments. The entire amount of money that the public holds at a specific time is referred to as the money supply in macroeconomics. There are many ways to define "money," but common measurements often include circulation-level money and demand deposits.
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which part of our body is affected by plogue pose?
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Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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What is Average cost
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This is really for Economics but...
How are wages affected by the market?
Answers
Answer:
They could help give stock to the store/s that's using them. Or, they are the ones getting money for the produce or business, but it helps them get more and more resources for their store.
Explanation:
Answer:
Economists argued that wages are determined by demand and supply.They called it the theory of wage determination They said The price of labor is determined in the free market like every other price by intersection,Supply and demand.
Explanation: that took me a moment to think that out for it to be understandable so it doesn't disorient you
There are many options available to consumers when it comes to toothpaste. So, if Procter & Gamble significantly increases the price of Crest toothpaste, consumers are more apt to buy alternate toothpaste instead. This illustrates which concept?
Answers
The concept that is illustrated when Procter & Gamble significantly increases the price of Crest toothpaste and consumers are more likely to purchase alternate toothpaste is the concept of price elasticity of demand.
Price elasticity of demand is the degree of change in the quantity of a product demanded in response to a change in its price. It calculates the percentage change in the quantity demanded divided by the percentage change in price.Price elasticity of demand measures how a change in price influences a change in quantity demanded. The more sensitive buyers are to price increases, the higher the price elasticity of demand.
To summaries, if Procter & Gamble significantly increases the price of Crest toothpaste, customers are more inclined to purchase alternate toothpaste. This is because of the price elasticity of demand, where consumers respond to a price increase by seeking alternatives.
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Is it more common for a firm to fail due to lack of sales or poor financial management? multiple choice question.
a. poor financial management
b. overcapitalization
c. lack (shortage) of sales
d. too many sales
Answers
When it comes to lack of sales or poor financial management, the reason why most firms fail is a. poor financial management.
Why do companies fail?There are several reasons why a company can fail such as budgetary issues, and a lack of concrete goals to guide the activities of the company.
Most of these things stem from poor financial management however. Think of it this way, if a ship has a bad captain, then the chances of the ship sinking increases.
Poor financial management would lead to money not going to the right expenses which means that the business will make a lot of losses instead of profit and so will close.
In conclusion, between lack of sales and poor financial management, poor financial management is worse.
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The demand for gas in a country becomes price-inelastic.
What will happen as a result?
A. Gas workers will be less likely to be successful in obtaining wage increases.
B. Gas workers will be more likely to be successful in obtaining wage increases.
C. Total expenditure on gas by consumers will fall when its price rises.
D. Total expenditure on gas by consumers will rise when its price falls.
Answers
The demand for gas in a country becomes price-inelastic as a result, as workers will be less likely to be successful in obtaining wage increases. Thus, option A is correct.
What is the demand?The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand. The demand curve is another name for the relationship between price and quantity demand.
Demand stimulates the economy and drives profits. It's a crucial idea as a result. Supply and demand are closely related ideas. Suppliers seek to maximize profits, while consumers strive to pay the lowest costs possible for goods and services.
As a result, a nation's demand for gas becomes price-inelastic because workers are less likely to be successful in getting raises.
Therefore, option A is correct.
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Many brick-and-mortar companies must pay attention to the new competition from the because now consumers can search the world.
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Many brick-and-mortar companies must pay attention to the new competition from the internet because now consumers can search the world.
What Does Brick & Mortar Mean?A "brick-and-mortar" firm is a conventional street-side enterprise that interacts directly with its clients in a store or office that it owns or leases. Brick-and-mortar businesses include places like the neighborhood supermarket and bank. Given that most web-based companies, like Amazon.com Inc. (AMZN), typically have cheaper operating expenses and more flexibility, brick-and-mortar firms have had a difficult time competing with them.
For instance, some physical grocery stores, like Safeway, allow customers to shop for groceries online and have them delivered to their house in as little as a few hours. Offshoot terminology like "click and mortars" and "bricks and clicks" has been created as a result of the hybrid business models' rising popularity.
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what is networking why is useful when looking for a job
Answers
Answer:
Career networking involves using personal, professional, academic or familial contacts to assist with a job search, achieve career goals, learn more about your field, or another field you'd like to work in. Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
Explanation:
Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
1. Economics is all about
a. making money.
b. making decisions.
c. government controlling resources.
d. None of the above.
Answers
In this excerpt from a novel published in 1899, the Pontellier family is spending their vacation in a small seaside community.
It was eleven o’clock that night when Mr. Pontellier returned from Klein’s hotel. He was in an excellent humor, in high spirits, and very talkative. His entrance awoke his wife, who was in bed and fast asleep when he came in. He talked to her while he undressed, telling her anecdotes and bits of news and gossip that he had gathered during the day. From his trousers pockets he took a fistful of crumpled bank notes and a good deal of silver coin, which he piled on the bureau indiscriminately with keys, knife, handkerchief, and whatever else happened to be in his pockets. She was overcome with sleep, and answered him with little half utterances.
He thought it very discouraging that his wife, who was the sole object of his existence, evinced so little interest in things which concerned him, and valued so little his conversation. Mr. Pontellier had forgotten the bonbons and peanuts for the boys. Notwithstanding he loved them very much, and went into the adjoining room where they slept to take a look at them and make sure that they were resting comfortably. The result of his investigation was far from satisfactory. He turned and shifted the youngsters about in bed. One of them began to kick and talk about a basket full of crabs. Mr. Pontellier returned to his wife with the information that Raoul had a high fever and needed looking after. Then he lit a cigar and went and sat near the open door to smoke it. Mrs. Pontellier was quite sure Raoul had no fever. He had gone to bed perfectly well, she said, and nothing had ailed him all day. Mr. Pontellier was too well acquainted with fever symptoms to be mistaken. He assured her the child was consuming at that moment in the next room. He reproached his wife with her inattention, her habitual neglect of the children. If it was not a mother’s place to look after children, whose on earth was it? He himself had his hands full with his brokerage business. He could not be in two places at once; making a living for his family on the street, and staying at home to see that no harm befell them. He talked in a monotonous, insistent way. Mrs. Pontellier sprang out of bed and went into the next room. She soon came back and sat on the edge of the bed, leaning her head down on the pillow. She said nothing, and refused to answer her husband when he questioned her. When his cigar was smoked out he went to bed, and in half a minute he was fast asleep. Mrs. Pontellier was by that time thoroughly awake. She began to cry a little, and wiped her eyes on the sleeve of her peignoir. Blowing out the candle, which her husband had left burning, she slipped her bare feet into a pair of satin mules at the foot of the bed and went out on the porch, where she sat down in the wicker chair and began to rock gently to and fro.
It was then past midnight. The cottages were all dark. A single faint light gleamed out from the hallway of the house. There was no sound abroad except the hooting of an old owl in the top of a water-oak, and the everlasting voice of the sea, that was not uplifted at that soft hour. It broke like a mournful lullaby upon the night.
The presentation of events suggests that the narrator likely intends for a reader to react to the passage with: ________________
a. indignation at the mistreatment of Mr. Pontellier
b. admiration of Mr. Pontellier’s range of skills
c. contempt for Mrs. Pontellier’s selfishness
d. sympathy for Mrs. Pontellier’s circumstances
e. concern for the well-being of the Pontellier children
Answers
The narrator wanted the readers to have sympathy for Mrs. Pontellier’s circumstances.
Mrs. Pontellier was already asleep when her husband came back. He woke him up and disturbed her sleep. Even when her husband said one of the children was sick, she told him that she wasn't sick but he never listened to her. Then she began cryingAlso, the author's use of statements such as "The cottage was dark" and "it broke like a mournful lullaby upon the night" showed that the author wanted the readers to be sorrowful for Mrs. Pontellier.In conclusion, the correct option is D.
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Answer:
c. contempt for Mrs. Pontellier’s selfishness
Explanation:
this statement most appropriately describes startup biotech companies: a.Always succeedb.Always failc.Are riskyd.Do not perform R&De.Never run out of cash
Answers
The most appropriate statement to describe startup biotech companies would be "c. Are risky."
While there are cases where startup biotech companies succeed, it is not always the case. These companies require significant investment and carry a high level of risk due to the uncertainty of success in developing new drugs or therapies. Additionally, performing research and development is crucial to the success of these companies, but it can also be costly and time-consuming.
Running out of cash is a common problem for many startup biotech companies, as they often require large amounts of funding to continue operating and conducting research. Therefore, it is important for investors to carefully consider the risks associated with investing in startup biotech companies before making a decision.
Option c is correct answer.
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Why would a well-known band that hasn’t held a concert in a long time potentially sell tickets for more than if they had been holding regular concerts?
The opportunity to see them in concert became rarer.
Bands who don’t hold concerts increase brand awareness.
Not holding concerts increases society’s preference for bands.
Few people can afford tickets like these.
Answers
Answer:
The opportunity to see them in concert becomes rarer
:")
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
distinguish between capitalist and socialist economy. will give brainlest answer to the first person
Answers
Answer:
Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.
I would definitely sum this up before answering!
Suppose you head to Wal Mart to pick up a pain reliever because you are sore from playing basketball and also have a headache from studying economics. You see Advil on the shelf for $7.97 that contains ibuprofen and consider purchasing it but then you also notice Wal Mart has an Equate brand containing ibuprofen for $2.48 What do you do
Answers
Answer:
I think the cheapest one
Explanation:
save money
Which is not a recognized sector of the U.S. economy?
public sector
social sector
self-interest sector
private sector
Answers
what do we call computerized machine that allows Bank customers to perform transitions
Answers
Answer:
I think it is Automated teller machine
Answer:
Automatic Teller Machine (ATM)
Explanation:
also known as the automated banking machine, is a computerized telecommunicating device. Nowadays more people using ATM to withdrawing the money.
Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answers
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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Is the statement “the first day on a job is always easy” true?
Answers
Im gonna slap the person who told you that, Answer:
Pffttt ofc not its always hard the first day.
Good Explanation:
Your first day on the job can be intimidating, anxiety-inducing, nerve-wracking, and hopefully, you do good you know cause its a pain in the ####. So Don't underestimate any job buddy,
The answer is false btw.
If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.
Answers
Answer:
A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.
Explanation:
:-). ✓✓✓✓✓✓✓√√√√√√√√√√√
C. George Delivery Co.'s adjusted trial balance shows two expense accounts: Wages Expense with a debit balance of $12,000 and Advertising Expense with a debit balance of $3,000. The journal entry to close these accounts will include a debit to which account(s):____________
Answers
Answer: income summary
Explanation:
An Investor who brings _____ equity often will recelve a share of ownershlp in the company although she did not Invest capital, but effort Use this media to help you complete the question.
sweat
additional
bootstrapped
lingering
Answers
Answer:
additional equity I think
luke invested $110 at 5% simple interest for a period of 6 years. how much will his investment be worth after 6 years?
Answers
Luke invested $110 at 5% simple interest. After 6 years, his investment will be worth $143
The formula for the future value of simple interest is given by:
FV = PV (1 + r x n)
Where:
FV = future value
PV = present value
r = interest per period
n = number of periods
Parameters given:
r = 5% = 0.05
n = number of years = 6 years
PV = 110
Plug these parameters into the formula:
FV = 110 (1 + 0.05 x 6)
FV = 110 (1.3) = 143
Hence, after 6 years, the investment is worth $143
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$200 a month for car insurance geico is that normal?