Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 305 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Algebra Posted 17 Aug 2017 My Price 10.00

Sub Company

Question 1: A 100% asset acquisition of Sub Company by Parent Company (using cash and a bond issue) would most likely require which of the following?
a) Minority Interest
b) CR - Inventory $105,000
c) CR - Common Stock $100,000
d) None of the above
Parent Company Balance Sheet   Sub Company Balance Sheet
Assets, Liabilities & Equities Book Value   Assets, Liabilities & Equities Book Value Fair Value
Cash $250,000   Cash $40,000 $40,000
AR $30,000   AR $15,000 $10,000
Inventory $150,000   Inventory $105,000 $200,000
Land $100,000   Land $60,000 $100,000
Plant and Equipment $600,000   Plant and Equipment $400,000 $300,000
Less: Accumulated Depreciation -$150,000   Less: Accumulated Depreciation -$150,000  
    Total Assets $980,000       Total Assets $470,000 $650,000
AP $20,000   AP $50,000 $50,000
Common Stock $100,000   Common Stock $100,000  
Additional Paid In Capital $560,000   Additional Paid In Capital $60,000  
Retained Earnings $300,000   Retained Earnings $270,000  
    Total Liabilities & Equity $980,000       Total Liabilities & Equity $480,000  

 

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 09:08 PM My Price 10.00

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