Barstow Company is contemplating the acquistion of the net assets of Crown Company for $875,000 cash. To complete the transaction, acquisition costs are $15,000. The balance sheet of Crown Company on the purchase date is as follows:

Crown CompanyBalance SheetDecember 31, 2015

Assets Liabilities and Equity

Current Assets$80,000 Liabilities$100,000

Land$70,000 Common Stock ($10 par)$100,000

Building$450,000 Paid-in capital in excess of par$150,000

Accumulated depreciation---building(200,000) Retained Earning$250,000

Equipment$300,000

Accumulated depreciationequipment(100,000)

Total Assets$600,000 Total Liabilities and Equity$600,000

The following fair values have been obtained for Crown's identifiable assets and liabilities:

Current Assets$85,000

Land$90,000

Building$300,000

Equipment$275,000

Liabilities$102,000

1. Record the acquisition of the net assets of Crown Company on Barstow Company's Books.

2. Record the sale of the net assets on the books of Crown Company.

3. Record the acquisition of 100% of the common stock of Crown Company on Barstow's books. Crown Company will remain a sperate legal entity.

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.