Business, 10.04.2020 22:55 jaylennkatrina929
On January 1, Chester. inc. acquires 100% of Festus 100,000 shares of Chester's Si par value common cash. Chester also incurred direct combination co Festus Corp.'s outstanding common stock by issuing mmon voting stock. In addition, Chester paid $1,800,000 in on costs of $350,000 and stock issuance costs of $650,000. On January 1, Chester's voting common stock common shares were selling for $12.50 per share. Fes acquisition are listed below. had a market value of $38.50 per share. Festus' voting per share. Festus' balances on the acquisition date, just prior to Cash Receivables Inventory Land Building (net) Equipment (net) Payables Common Stock, $1 par value Paid-In Capital RE(January 1) BV. $ 530,000 $ 610,000 400,000 600,000 500,000 375,000 (280,000) (1,800,000) (660,000) (275,000) F. V. 530,000 650,000 400,000 700,000 580,000 300,000 (280,000) (2,250,000) Required: A. Using the Acquisition Method, compute the value of Chester's investment account on the date of acquisition, January 1.
Answers: 2
Business, 21.06.2019 22:40
wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?
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Business, 22.06.2019 20:00
Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)
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You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?
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Business, 23.06.2019 00:30
An emerging methodology to integrate the effort of the development team and the operations team to improve the functionality and security of applications is known as
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On January 1, Chester. inc. acquires 100% of Festus 100,000 shares of Chester's Si par value common...
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