1.Which value is recognized as of the date of acquisition? Select one: a. Accounts payable b. Accounts receivable c. Inventory d. Intangible assets
2.Which of the following is recognized at fair value of net realizable value?
Select one:
a. Accounts payable
b. Accounts receivable
c. Inventory
d. Intangible assets
3.Which of the following is recognized at fair value of replacement costs?
Select one:
a. Accounts payable
b. Accounts receivable
c. Inventory
d. Intangible assets
4. In which of the following structures of multinational corporations, will managers of a parent company oversee the foreign subsidiaries?
Select one:
a. Centralized
b. Decentralized
c. Autonomy
d. Congruency
1. d. Intangible assets value is recognized as on the date of acquisition if the asset is separately identifiable and measured.
2. c. Inventory
3. b. Accounts receivable.
4. a. Centralized.
1.Which value is recognized as of the date of acquisition? Select one: a. Accounts payable b....
Answer me which one should I select; A,b, c, d QUESTION 5 Cash $3,500, Accounts Receivable $10,500, Inventory $23,900, Short‐term Investments $5,900, Prepaid Expenses $8,900, Intangible Assets $22,000, Long – term Notes Payable $30,400, Property Plant and Equipment $45,000, Accounts Payable $7,800) What is the balance of its non‐current asset section of the balance sheet? A)$67,000 b) $45,000 c)$30,400 d)$52,700
Answer me which one should I select; A,b, c, d QUESTION 1 Saba Inc. shows the following general ledger accounts: Cash 4,500 Accounts Receivable 11,500 Merchandise Inventory 21,900 Long‐term Investments 5,900 Prepaid Expenses 8,900 Intangible Assets 22,000 Long‐term Notes Payable 30,400 Land 45,000 Equipment 14,500 Accounts Payable 7,800 Common Stock 5,000 Supplies Expense 7,000 Service Revenue 54,000 Unused Supplies 2,300 Unearned Revenue 16,750 What is the balance of its current liabilities section of the balance sheet? a. $46,800 b. $24,550...
Consolidation at date of acquisition (purchase price greater than book value, acquisition journal entries Assume that the parent company acquires its subsidiary by exchanging 84,000 shares of its $2 par value Common Stock, with a fair value on the acquisition date of $41 per share, for all of the outstanding voting shares of the investee. In its analysis of the investee company, the parent values all of the subsidiary’s assets and liabilities at an amount equaling their book values except...
1. Which of the following is not an intangible asset? Select one: a. Copyright b. Long-term receivable c. Trademark d. Goodwill 2. Accounts receivable would appear on the balance sheet as a(n): Select one: a. liability. b. fixed asset. c. unearned revenue. d. asset.
1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts receivable....................64,000 Accrued liabilities....................7,000 Cash.........................................20,000 Intangible assets............................40,000 Inventory...............................................72,000 Long-term investments...............................100,000 Long-term liabilities.....................................75,000 Marketable securities.................................35,000 Notes payable (short-term)........................20,000 Property, plant, and equipment.................625,000 Prepaid expenses.........................................2,000 WHAT IS WORKING CAPITAL? a. $162,000 b. $134,000 c. $193,000 d. $62,000 2. Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash..............................................$60,000 Prepaid insurance..........................40,000 Accounts receivable......................50,000 Inventory.........................................70,000 Land held for investment................80,000 Land................................................95,000...
Cash realizable value is determined by subtracting Allowance for Doubtful Accounts from Accounts Receivable. Select one: a. True b. False
A company preparing for a Chapter 7 liquidation has the following liabilities: Note payable A of $130,000 secured by land having a book value of $70,000 and a fair value of $90,000. Note payable B of $160,000 secured by a building having a $80,000 book value and a $60,000 fair value. Note payable C of $80,000, unsecured. Administrative expenses payable of $40,000. Accounts payable of $140,000. Income taxes payable of $50,000. The company also has these other assets: Cash of...
1. All of the following are reported as current liabilities except a. accounts payable. b. bonds payable. c. notes payable. d. unearned revenues. 2. The relationship between current liabilities and current assets is a. useful in determining income. b. useful in evaluating a company's liquidity. c. called the matching principle. d. useful in determining the amount of a company's long-term debt. 3. Most companies pay current liabilities a. out of current assets. b. by issuing interest-bearing notes payable. c. by...
117. Based on the following data, what is the amount of working capital? Accounts payable..... Accounts receivable.......... Cash............. Intangible assets.............. Inventory............ Long-term Investments............ Long-liabilities........... Short-term Investments........... Notes payablo (short-term).. Plant assets....... Prepald expenses............. $31,000 57,000 15,000 50,000 69.000 80,000 100,000 40,000 28,000 670,000 1,000 couron . . .... ............... a. $123,000 b. $151,000 c. $203,000 d. $53,000 81. Expenses are incurred a. only on rare occasions. b. to produce assets. c. to produce liabilities. d. to generate revenues.
Consolidation at date of acquisition (purchase price equals book
value)
59. Consolidation at date of acquisition (purchase price equals book value) A parent company acquires its subsidiary by exchanging 30,000 shares of its Common Stock, with a fair value on the acquisition date of $20 per share, for all of the outstanding voting shares of the investee. a. What is the total fair value of the subsidiary on the acquisition date? b. Prepare the consolidation entry or entries on the...