1/2/2024 Course hero on january 1 2013 pierce inc purchased 15000 shares of marion company for $435,000Read Now![]() ![]() ![]() $510,000 On July 1, TruData Company issues 10,000 shares of its common stock with a $5 par va > On its acquisition-date consolidated balance sheet, what amount should TruData report as retained earnings as of July 1? a. $1,980,000 The separate condensed balance sheets of Patrick Corporation and > In the December 31, 2017, consolidated balance sheet of Patrick and its subsidiary, what amount of total assets should be reported? a. merges with InterBuy, Inc., and acquires several different categories of intangible assets including trademarks, a customer list, copyrights on artistic materials, agreements to receive royalties on leased intellectual property, and unpatented ![]() ![]() Prepare the journal entries for Fisher for the years of 20. Although it sold this interest, Fisher maintained the ability to significantly influence Bowden’s decision-making process. On July 1, 2018, Fisher sold 10 percent (20,000 shares) of Bowden’s outstanding shares for $330,000 in cash. Each income figure was earned evenly throughout its respective years. Bowden declares and pays a $100,000 cash dividend to its stockholders each year on September 15. All other assets were considered appropriately valued on Bowden’s books. Fisher was willing to make this extra payment because of a recently developed patent held by Bowden with a 15-year remaining life. The price paid represented a $60,000 payment in excess of the book value of Fisher’s share of Bowden’s underlying net assets. On January 1, 2017, Fisher Corporation purchased 40 percent (80,000 shares) of the common stock of Bowden, Inc., for $982,000 in cash and began to use the equity method for the investment. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |