Mittelstaedt Inc., buys 60 percent of the outstanding stock of Sherry, Inc. Sherry owns a piece of land that cost $207,000 but had a fair value of $549,000 at the acquisition date. What value should be attributed to this land in a consolidated balance sheet at the date of takeover? A. $549000B. $337000C. $127200D. $421800
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mittelstaedt Inc., buys 60 percent of the outstanding stock of Sherry, Inc. Sherry owns a piece of land that cost $207,000 but had a fair ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When considering the quick service restaurant competition it would be most important for Wendy's to consider not only the offerings of burger king, McDonald's 5 guys and other hamburger chains but also the
Answers (1)
Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of product. Ending inventory consisted of 400 units that were 50% complete.
Answers (1)
Despite multiple upturns and downturns in its economy, Russia's overall growth prospects appear promising, especially as a consumer market. However, there are still multiple dilemmas for firms trying to market their goods and services.
Answers (1)
The following are budgeted data for the Bingham Corporation, a merchandising company: Budgeted Sales (at retail): January $300,000 February $340,000 March $400,000 April $350,000 Cost of goods sold as a percentage of sales 60% Desired ending
Answers (1)
A public health expert is writing a report on lead hazards for a widespread audience. any terms in the report that are unfamiliar to her audience should be defined in the
Answers (1)
New Questions in Business
Some goods can be produced at low cost only if they are produced in large quantities. this phenomenon is called
Answers (1)
has sales of $15 million, total assets of $9 million, and total debt of $3.7 million. If the profit margin is 7 percent what is net income? What is ROE? What is ROA?
Answers (1)
The overall variability of a firm's returns depends on the expected return of each individual project, percentage of funds invested in each individual project, and correlation coefficient of returns between the investments.
Answers (1)
Luca writes a daily blog about why people should eat healthy foods and ways to eat healthfully. What are the purposes of his blog? to entertain and advertise to advertise and inform to argue and inform to argue and entertain
Answers (1)
Billy accepted a job at a company that specializes in providing money for short-term retail lending. where did he go to work?
Answers (1)