Skip to content
FeatherEssaysFeatherEssays
FeatherEssays
Expert Essay and Academic Writing Services
1-343-433-433-444support@featheressays.com

our-guarantee

  • HOME
  • ABOUT US
  • OUR SERVICES
  • HOW IT WORKS
  • FAQ
  • TESTIMONIALS
  • ORDER A CUSTOM PAPER NOW
  • CONTACT US
  • HOME
  • ABOUT US
  • OUR SERVICES
  • HOW IT WORKS
  • FAQ
  • TESTIMONIALS
  • ORDER A CUSTOM PAPER NOW
  • CONTACT US
July 21, 2017UncategorizedBy classhelp24@gmail.com [email if you need fresh paper done]

The following balance sheets are for the Denver Company and

the Colorado Company as of January 1, 19xl. The statements

are presented as they appeared immediately before the acquisition

of Colorado Company stock by the Denver Company.

The following balance sheets are for the Denver Company and
the Colorado Company as of January 1, 19xl. The statements
are presented as they appeared immediately before the acquisition
of Colorado Company stock by the Denver Company.

Assets
Other Current Assets
Inventory
Equipment
Accumulated Depreciation
-Equipment
Buildings
Accumulated Depreciation
-Buildings

Equities
Current Liabilities
Bonds Payable
Premium on Bonds
Capital StockDenver ($10 par)
Capital StockColorado ($25 par)
Premium on StockColorado
Retained EarningsDenver
Retained EarningsColorado

January 1, 19×1
Denver
Company
$ 2,000,000
250,000
4,000,000

Colorado
Company
$ 100,000
130,000
2,400,000

(1,500,000)
6,000,000

(1,600,000)
4,000,000

(3,000,000)
$7,750,000

(2,500,000)
$2,530,000

$ 400,000
3,000,000

$ 75,000
1,500,000
150,000

3,000,000
500,000
100,000
1,350,000
$7,750,000

205,000
$2,530,000

6. Assume that the Denver Company is to acquire all of the
Colorado Company stock by issuing new shares of its
own stock as consideration. Also assume that the market
value of the Denver Company stock at the time of the exchange
is $30 per share and that the market value per
share of the Colorado Company stock is $50 per share. Let
the market value of each stock at the date of acquisition
be the sole determinant. What is the number of shares
which the Denver Company must issue to the Colorado
Company shareholders?
A. 16,667
B. 20,000

c. 33,333
D. 50,000

7. Assume that the Denver Company issues 55,000 shares
in exchange for all of the Colorado Company stock, and
that there is no need to adjust the financial statements of
either because of different accounting methods being employed.
If all the requirements for using the pooling method are
met, the amount of consolidated retained earnings on the
consolidated balance sheet at date of acquisition would be
A. 0.
B. $205,000.
c. $1,350,000.
D. $1,555,000.

8. Assume that the purchase method is used and that the
Denver Company debited its investment account for the
fair market value of the stock given in exchange, and that
the market value of the Colorado Company's equipment
was $150,000 greater than the book value at date of acquisition.
The amount of Excess of Acquisition Cost over
Book Value of Acquired Subsidiary on the January 1, 19×1,
consolidated balance sheet would be
A. $205,000.
B. $195,000.

c. $45,000.
D. 0.

For questions 9 and 10 assume that the Denver Company acquired
on January 1, 19×1, 15,000 shares of Colorado Company
stock by paying $900,000 in cash plus broker's fees of
$25;000.
9. Assuming that the legal method of valuing minority interest
is used, the amount of Excess of Acquisition Cost
Over Book Value of Acquired Subsidiary to be shown on
the consolidated balance sheet on January 1, 19×1, should
be
A. $321,250.
B. $201,250.

c. $120,000.
D. $95,000.
10. Assuming that the entity method of valuing minority interest
is used, the amount to be shown for Minority Interest
on the January 1, 19×1, consolidated balance sheet
should be
A. $121,250.
B. $201,250.

c. $300,000.
D. $308,333.

Request A Fresh Paper Done For You!You are guaranteed plagiarism free paper within 3-8 hrs
About the author

classhelp24@gmail.com [email if you need fresh paper done]

What are you looking for?
Visit
  • HOME
  • ABOUT US
  • OUR SERVICES
  • HOW IT WORKS
  • FAQ
  • TESTIMONIALS
  • ORDER A CUSTOM PAPER NOW
  • CONTACT US
Happy Client Quotes
  • When I made the decision to seek help from you guys, I didn’t know I was making a choice that would positively change my life forever. I am so much more confident with my ability to go to work and still be able to finish my research paper on time. The research you guys did for me was great and I was highly awarded for it. I mean, all along I was having difficulty managing my time. It was so hard to decide what I ought to give priority, work or research? Thanks to you guys I can now go to work without worrying too much about how great my research should be. I am still the same person, just to be sure, but with lot of skills and ability, courtesy of feather essay. I wish you guys were around 30 years ago when I started doing research while still in school. Great research paper, thanks feather essays.

    Scott Williams, Chicago
  • Feather essays is awesome, really. I can’t just say enough about how well their services are custom-made to meet students’ needs. I mean have been using other services from different websites with erratic degree of satisfaction, but this is way too perfect. I’m thankful their team understand all about essays requirement. I had an essay assignment due in two days so I had to seek for their help, at first I thought they wouldn’t be able to do it perfectly since it was the first time I was using their service. Well, I guess I was wrong. Another thing I also liked about feather essays is how they communicate with clients, so simple, they made me feel at ease even though I was under pressure. From my standpoint, their platform is very intuitive, and it’s pretty much dummy-proof. Thanks to you guys I passed, it’s really hard to recommend anything but feather essays for quality service.

    Joseph Levoh, Phoenix University
  • I mostly do silly mistakes in term papers and essays, and while going through the instructions I used to get stuck after a few steps. I must say I always get annoyed whenever this happened and I had started doubting if I will make it through college. I had lost confidence in myself, I felt uncomfortable and unmotivated in doing assignments. One day I was just going through the internet looking for help with my essay, I found out about feather essay. I was not really sure if they could help me, but considering my situation I decided to give it a try. To say the least, I’ve never regretted making the decision. They are amazing, they offer instant help on assignment and term papers, and whenever I come across any assignment with doubts, all I do is talk to them. They instantly help me with my essays and explain to me everything about it. Thanks to you guys, you help me save a lot of time and concentrate on other class work.

    Eleona Miller, New York City
  • I’d never sought out for help with my essays before, so I was a bit uncertain how to go about it. All this doubts disappeared as soon as I talked to feather essays. You guys took your time to comprehend what my short term and long term needs were, and perfectly lined up different options for me. Considering the fact that I needed a quick response and solution, the options you guys offered were so organized. I thought the steps involved could take up several weeks or days, but I was surprised when all it took was less than four hours. I guess as soon as the agreement was made, the worked started immediately. The way you delivered that essay showed me how top class service professional you guys are. For quick essays help, I recommend you guys. The best thing is that you understand when a client needs more time to think. Thanks to you guys.

    Laurette, Ohio
  • Quick Essay Help

    I’d never sought out for help with my essays before, so I was a bit uncertain how to go about it. All this doubts disappeared as soon as I talked to feather essays. You guys took your time to comprehend what my short term and long term needs were, and perfectly lined up different options for me. Considering the fact that I needed a quick response and solution, the options you guys offered were so organized. I thought the steps involved could take up several weeks or days, but I was surprised when all it took was less than four hours. I guess as soon as the agreement was made, the worked started immediately. The way you delivered that essay showed me how top class service professional you guys are. For quick essays help, I recommend you guys. The best thing is that you understand when a client needs more time to think. Thanks to you guys.

    Diana Ross, California
  • Unique service and quality work!!!Feather essays not only offer wonderful essays but also helped me pass with flying colors!! I could not also believe it. And what makes me love them more is how work is done instantly after ordering!!i will never worry about school essays anymore. Absolutely the best!

    Sasha Kelly, Cleveland
Recent Posts
  • Week 7 – Assignment: Integrate Waste Elimination Techniques into Training Development (10 Points)
    June 5, 2019
  • (Let professional handle your assignment. Get an A) Cloud Architectures Application
    June 25, 2018
  • (Let professional handle your assignment. Get an A) Cloud Architectures Application
    June 25, 2018
  • (Let professional handle your assignment. Get an A) Cloud Architectures Application
    June 25, 2018
  • (Let professional handle your assignment. Get an A) Cloud Architectures Application
    June 25, 2018
  • (Let professional handle your assignment. Get an A) Cloud Architectures Application
    June 25, 2018
  • HOME
  • ABOUT US
  • ORDER A CUSTOM PAPER NOW
  • FAQ
  • CONTACT US
  • TERMS & CONDITIONS
  • CHEAP AND AFFORDABLE PRICES
footer

Copyright © 2015 FeatherEssays