Stock acquisition mcdermott corporation has been in the midst of a major expansion program. much of its growth had been internal, but in 20x1 mcdermott decided to continue its expansion through the acqui- sition of other companies. the first company acquired was tippy inc., a small manufacturer of inertial guidance systems for aircraft and missiles. on june 10, 20x1, mcdermott issued 17,000 shares of its $25 par common stock for all 40,000 of tippy's $10 par common shares. at the date of combination, tippy reported additional paid-in capital of $100,000 and retained earnings of $350,000. mcdermott's stock was selling for $58 per share immediately prior to the combination. subsequent to the combination, tippy operated as a subsidiary of mcdermot.
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Business, 22.06.2019 20:20
Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.
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Business, 22.06.2019 20:30
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
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Business, 22.06.2019 23:00
To increase sales, robert sends out a newsletter to his customers each month, letting them know about new products and ways in which to use them. in order to protect his customers' privacy, he uses this field when addressing his e-mail. attach bcc forward to
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Business, 23.06.2019 09:30
Which of the following economic behaviors causes scarcity? a limited supply and unlimited demand b limited supply and unlimited credit c limited supply and limited regulation d limited supply and limited incentives
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Stock acquisition mcdermott corporation has been in the midst of a major expansion program. much of...
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