Maurice Tutor

(5)

$15/per page/Negotiable

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: 401 Weeks Ago, 6 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 > Accounting Posted 17 Aug 2017 My Price 8.00

Sanchez Company

The balance sheets of Petrello Company and Sanchez Company as of January 1, 2011, are presented below. On that date, after an extended period of negotiation, the two companies agreed to merge. To effect the merger, Petrello Company is to exchange its unissued common stock for all the oustaning shares of Sanchez Company in the ratio of 1/2 share of Petrello each share of Sanchez. Market values of the shares were agreed on as Petrello, $48; Sanchez, $24. The fair values of Sanchez Company's assets and laibilities are equal to their book values with the exception of plant and equipment. which has an estimated fair value of $720,000. Pertello Sanchez Cash $480,000 $200,000 Receivables 480,000 240,000 Inventories 2,000,000 240,000 Plant & equipment(net)3,840,000 800,000 _________ ________ Total assets $6,800,000 $1,480,000 Liabilities $1,200,000 320,000 Common stock $16 par value 3,440,000 800,000 Other contrivuted capital 400,000 000,000 Retained earnings 1,760,000 360,000 _________ _________ Total equities $6,800,000 $1,480,000 Required: Prepare a balance sheet for Petrello Company immediately after the merger. Can anyone please help me? Thank you

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 10:08 PM My Price 8.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)
Relevent Questions