Business, 13.08.2020 01:01 mokunola16

On January 1, 2016, Pell Company and Sand Company had condensed balance sheets as follows: On January 2, 2016 Pell borrowed $240,000 and used the proceeds to purchase 90% of the outstanding common stock of Sand. This debt is payable in 10 equal annual principal payments, plus interest, starting December 30, 2016. Any difference between book value and the value implied by the purchase price relates to lanc. On Pell's January 2, 2016 consolidated balance sheet, non-current assets should be:. a. $520,000.
b. $536,000.
c. $544,000.
d. $586,667.
Current liabilities should be:.
a. $200,000.
b. $184,000.
c. $160,000.
d. $120,000.
Non-current liabilities should be:.
a. $440,000.
b. $416,000.
c. $240,000.
d. $216,000.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 12:00, kaylallangari549

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Answers: 2

continue

Business, 22.06.2019 14:30, lilquanreem8051

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?

Answers: 3

continue

Business, 22.06.2019 19:30, alejandra340

Adisadvantage of corporations is that shareholders have to pay on profits.

Answers: 1

continue

Business, 22.06.2019 20:00, Haddixhouse8948

How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?

Answers: 1

continue

You know the right answer?

On January 1, 2016, Pell Company and Sand Company had condensed balance sheets as follows: On Januar...