Advanced Placement (AP), 06.03.2020 18:26 thelordoftheknowwjo4
Westfield Bank and Trust acquired 100% of the outstanding voting shares of Cleveland United Bank on January 1, 2017. Before the acquisition, the balance sheets of the two companies are as follows: (in millions) Westfield Bank & Trust Cleveland United Bank Assets $3,540 $1,740 Liabilities $1,530 $990 Common stock ($1 par value) 180 120 Additional paid-in capital 270 150 Retained earnings 1,560 480 Total liabilities and equities $3,540 $1,740 Westfield Bank and Trust issues 75,000 shares of its common stock with a market value of $1,062 million to the owners of Cleveland United Bank in return for all of their shares of Cleveland United common stock. The assets of Cleveland United have a fair value in excess of book value of $34.8 million. The consolidated balance sheet of Westfield Bank and Trust at January 1, 2017 would report goodwill of
Answers: 1
Advanced Placement (AP), 23.06.2019 12:50, nathenq1839
Animations and transitions are added from the
Answers: 1
Advanced Placement (AP), 23.06.2019 19:30, eddsworldfrantic
According to the online content activity for this lesson, what should you do if you do not understand the material you are trying to learn? a. try a new approach to learning the material. c. re-read the material b. give up d. find someone to give you the answers to the test select the best answer from the choices provided a b c d
Answers: 1
Westfield Bank and Trust acquired 100% of the outstanding voting shares of Cleveland United Bank on...
Mathematics, 30.09.2020 06:01
Geography, 30.09.2020 06:01
Social Studies, 30.09.2020 06:01
Mathematics, 30.09.2020 06:01
Mathematics, 30.09.2020 06:01