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: 408 Weeks 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 > Management Posted 18 Jan 2018 My Price 9.00

Pan Corporation

Changes in subsidiary’s outstanding shares

 

Pan Corporation purchased a 75 percent interest in Soy Corporation in the open market on January 1, 2012, for $690,000. A summary of Soy’s stockholders’ equity on December 31, 2011 and 2012, is as follows (in thousands):

 

 

December 31
 

2011

2012

Capital stock, $10 par

$400

$ 400

Additional paid-in capital

300

300

Retained earnings

100

300

Total stockholders’ equity

$800

$1,000

 

On January 1, 2013, Soy sold an additional 10,000 shares of its own $10 par stock for $30 per share. Pan assigns any excess/deficiency of fair value over book value to goodwill.

 

REQUIRED: Compute the following:

 

1. The underlying book value of the interest in Soy held by Pan on December 31, 2012.

 

2. Pan’s percentage ownership interest in Soy on January 3, 2013, assuming that Pan purchased the 10,000 additional shares directly from Soy.

 

3. Pan’s investment in Soy on January 3, 2013, assuming that Pan purchased the additional shares directly from Soy.

 

4. Pan’s percentage ownership interest in Soy on January 3, 2013, assuming that Soy sold the 10,000 additional shares to investors outside the consolidated entity.

5. Pan’s investment in Soy on January 3, 2013, assuming that Soy sold the 10,000 additional shares to investors outside the consolidated entity and no gain or loss is recognized

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Jan 2018 10:01 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)
Relevent Questions