Business, 26.02.2020 03:58 isaiahrodriguezsm17

On January 1, 2013, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To acquire these shares, Moody issued $400 in long-term liabilities and 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition. Another $15 was paid in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows:Moody Osorio

Cash 180 40

Receivables 810 180

Inventoriws 1080 280

Land 600 360

Buildings (net) 1260 440

Equipment (net) 480 100

Account Payable (450) (80)

Long-Term Liabilities (1290) (400)

Common stock (1$par) (330)

Common Stock($20 par) (240)

Additional paid-in capital (1080) (340)

RETAIN EARNINGS (1260) (340)

In Moody's appraisal of Osorio, three assets were deemed to be undervalued of the subsiduary's books: Inventory by $10. Land by $40 and Buildings by $60.

What ammount was recorded at the investment in Osorio?

a 930

b 820

c 800

d 835

e 815

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:30, Officaljazz18

Dr. dow jones wants to know whether a problem-based approach to teaching economics will result in higher academic performance than his traditional method. of the six sections of economics 101 at his university, dr. jones randomly assigns three sections to the traditional method and three sections to the problem-based method for unit 1 of the course. then all sections switch the instructional method for unit 2. he plans to compare the performance of the two groups of sections on their unit 1 and unit 2 exams. this study employs a design.

Answers: 3

continue

Business, 22.06.2019 10:00, kortlen4808

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?

Answers: 2

continue

Business, 22.06.2019 20:00, kickdoedon

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above

Answers: 3

continue

Business, 23.06.2019 04:00, queenkimm26

How do i make quick money as a 13 year. old with no alouence.

Answers: 1

continue

You know the right answer?

On January 1, 2013, the Moody Company entered into a transaction for 100% of the outstanding common...