Maurice Tutor

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About Maurice Tutor

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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: 398 Weeks Ago, 5 Days Ago
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 7.00

Festus Corp

5. On January 1, 2011, Chester Inc. a 100% of Festus Corp.s outstanding common stock by exchanging 37,500 shares of Chesters s2 par value common voting stock. On January 1, 2011, Chesters voting common stock had a fair value of s40 per share. Festus voting common shares were selling for $6.50 per share. Festus balances on the acquisition date, just prior to acquisition are listed below. Book Value Fair Value Cash 30,000 120.000 120.000 Accounts Receivable 200,000 230,000 Inventory 230,000 290.000 Land 450.000 600.000 Building (net) 175.000 160.000 Equipment (net) (80,000) (80,000) Accounts Payable Common Stock, $1 par (500,000) (350.000) Paid-in Capital (275,000) Retained Earnings, 12/31/10 Required: Chester Inc. a 100 percentage of Festus Corp.'s outstanding common stock by exchanging 37, 500 shares of Chester's dollar 2 par value common voting stock. On January 1, 2011, Chester's voting common stock had a fair value of dollar 40 per share. Festus' voting common shares were selling for dollar 6.50 per share. Festus' balances on the acquisition date, just prior to acquisition are listed below.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 May 2018 06:05 PM My Price 7.00

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