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: 402 Weeks Ago, 1 Day 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 04 Aug 2017 My Price 12.00

Pat Corporation

Pat Corporation acquired an 80 percent interest in Sci Corporation for $480,000 on January 1, 2011, when Sci’s stockholders’ equity consisted of $400,000 capital stock and $50,000 retained earnings. The excess fair value over book value acquired was assigned to plant assets that were undervalued by $100,000 and to goodwill. The undervalued plant assets had a four-year useful life.
ADDITIONAL INFORMATION
1. Pat’s account receivable includes $10,000 owed by Sci.
2. Sci mailed its check for $40,000 to Pat on December 30, 2012, in settlement of the advance.
3. A $20,000 dividend was declared by Sci on December 30, 2012, but was not recorded by Pat.
4. Financial statements for Pat and Sci Corporations for 2012 follow (in thousands):

REQUIRED: Prepare consolidation workpapers for Pat Corporation and Subsidiary for2012.

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 12:08 AM My Price 12.00

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