A. Assume that Terry's company pays $80 per share for 8,000 shares of Class company for a 80% interest but the shares continued to trade at $70 after the purchase. Also, assume that the remaining shares of 2,000 belongs to minority shareholders. b. Assume that Terry's company pays $80 per share for 7,500 shares of Class company for a 75% interest but the shares continued to trade at $70 after the purchase. Also, assume that the remaining shares of 2,500 belongs to minority shareholders.

Required:
What is the total fair value of the company if the share price remains at $70 but Terry bought only 75% of CLASS Co.?

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

From what part of income should someone take savings?