In an accretion/dilution analysis of an acquisition, if the purchase price exceeds the book value of the target’s assets, discuss the key components of the balance sheet that will be adjusted on the pro forma financial statements.

Q: How much is the average daily disbursement float? How much is the average daily collection float?…

A: Float is the actual the time which are taken by the payment or the receipt of the money to be…

Q: Diaz Company owns a machine that cost $125,100 and has accumulated depreciation of $90,600. Prepare…

A: Formulas: Gain (Loss) on the sale of the assets = Sale value of the assets - Net book value of the…

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Q: With $6,790,000 Paul's will creates a trust with the following provisions: life estate to Jacob…

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Q: The maturity date of a note receivable: Multiple Choice O Is the day of the credit sale.

A: Notes receivable represents promise to receive certain amount promised by issuer on a specific date.…

Q: a. On February 1, the company determined that $9,200 in customer accounts was uncollectible;…

A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: The following items are reported on a company's balance sheet: Cash $350,000 Marketable securities…

A: Formula: Current ratio = Current Assets / Current liabilities. Division of Current liabilities with…

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A: On admission of a person in a partnership firm, the total investment by the newly added partner is…

Q: 1. Aling Ana would like to sell little trinkets she purchased from Divisoria fo PhP12 each. If the…

A: The answer is stated below:             Note: Answering the first question as there are multiple…

Q: Cookie Corporation reported the following amount in the shareholders’ equity section of its December…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: The remaining commercial goods of the enterprise from the previous period are 15,500 TL. the cost of…

A: Introduction: Gross sales mean the highest sellers, are the total of a company's service and product…

Q: On June 1, 2021, the company unsuccessfully attempted to defend its right to Patent C.  Legal fees…

A: Note 1: Compute the amortization to be recorded for Patent A for 2021 as follows: -   Note 2:…

Q: Noora Company manufactures quality hair care product . The ingredients are combine in the mixing…

A: Unit cost means the cost incurred to produce one unit of output. Material means the raw material…

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A: Ledgers - After recording transactions in the journal next step is to transfer them into ledgers.…

Q: Apex Fitness Club uses straight-line depreciation for a machine costing $30,450, with an estimated…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: During the current year, merchandise is sold for $21,100 cash and $341,700 on account. The cost of…

A: Gross profit is calculated by deducting the cost of sales from the total sales value. The gross…

Q: A company had net sales of $21,000 and accounts receivable of $2,520 for the current period. Its…

A: Solution: Net Sales = $21,000 Accounts receivables = $2,520 Day's sales uncollectible = Accounts…

Q: uestion: What is the 2019 net investment income?

A: Calculation of Fair Value of investment as on 31 Dec 2019     Particulars Amount Carrying…

Q: You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to…

A: Annuity due : It is an annuity in which the periodic payment is paid at the beginning of each…

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A: Journal entries refer to recording of the events into the original books of accounts and it reports…

Q: MD Corp. completed the following transactions relating to investment in AO Company ordinary sha…

A: When shares for investment are purchased, they are recorded at the cost. At the end of every…

Q: National Co.’s evaluation of its cash outlay required indicates that it needs 500,000 for the year.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: On January 1, 20x1, an entity purchased marketable equity securities for P2,500,000. The entity paid…

A: Commission and taxes are the transaction cost that will be added to the cost of the equity…

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A: High-low Method:- Under this method, difference between the total cost at  highest and lowest volume…

Q: How much is the average daily disbursement float? How much is the average daily collection float?…

A: The net float is calculated as difference in average daily disbursement float and average daily…

Q: ADIB has Restricted Investment Account (RIA) based on Mudaraba with profit sharing percentages of…

A: A registered investment advisor (RIA) is a company that provides financial advice to customers and…

Q: Kemp Inc. acquired a new processing machine: Invoice cost P1,800,000 Transportation cost…

A: The cost of acquisition of the asset includes the following: Net Purchase cost of the asset…

Q: On July 1, 2026, ABC purchased 5,000 of the P1,000 face amount, 8% bonds to yield 10% per annum. The…

A: As per PFRS 9, Financial Instruments, Any financial asset recognized at amortized cost has a…

Q: Based on the data for

A: Quick ratio = Current assets - Inventory - Prepaid Expenses / Current liabilities Current…

Q: company manufactures 38,000 units of part T-25 each year. The company's cost per unit for part T-25…

A: Total cost of manufacturing = 38,000 units x $25.00 = $950,000   Total cost of buying = (38,000 x…

Q: Solutions Ltd. has prepared three forecasted demand quantities for the next period for a timber…

A: sales xxxx - variable cost xxxx contribution xxxx - fixed cost xxxx profit xxxx BEP sales…

Q: As an alternative to the used automobile , the student can purchase a new “utility” model for…

A: Economic benefit is a income statistic that measures how a lot coins a product's sale generates as…

Q: Proton Company purchased a new equipment on a deferred payment basis. A down payment of P50,000 was…

A: Capitalization cost is the total amount spent on the asset to make the asset put to use. It includes…

Q: Make a system for recording the cost of raw materials using the complete Perpetual and Periodic…

A: Cost of Raw Material To calculate the cost of raw material first to add the beginning inventory plus…

Q: he gross

A: Lock box is a system where that can be utilized to reduce the time between customer sending a check…

Q: On January 1, 2021, Chua Company purchased a piece of equipment with a list price of P6,000,000. The…

A: >Equipments are the fixed asssets that are not meant for resale in normal course of business.…

Q: Mattress Comfort Corporation manufactures two types of mattresses, Dreamer and          Sleeper.…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Explain and Give recommendation and lesson learned

A: We are given the liquidity ratios of an organization over 5 years from 2016-2020. The liquidity…

Q: Diversity Ltd. produces and sells a product called Star. The company is currently selling 9,560…

A: Under cost-profit volume analysis, the break-even point of a business is computed. Any sales above…

Q: JEY-7067 Inc. reported the following data for last year:

A: Residual Income = Net Operating Income - Average Operating Assets x Required Rate of return…

Q: Present Value of Bonds Payable; Premium   Moss Co. issued $100,000 of five-year, 11% bonds with…

A: Solution:- Given, Par value of bonds = $100,000 Bond life = 5 Years = 10 semi annual Stated interest…

Q: Matthew Company issues 4,000 ordinary shares to its external lawyers for services related to  the…

A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: On Jan. 1, 2020, Eee Company issued 9% bonds in the amount of P 500,000, which mature on Jan. 1,…

A: Formula: Carrying value of bonds payable = Issue price of the bonds + Amortization of bond discount…

Q: On January 1, 2016, Coopers Industries bought a parcel of land for use in its operations by paying…

A: The overall amount made by a firm in getting a new client or purchasing an asset is known as the…

Q: What are some advantages of using IT and audit software when conducting an audit?

A: The audit can be defined as the independent examination of internal control, accounting records, and…

Q: A piece of equipment costs ₱351,000 including shipping, installation and taxes. The supplier assures…

A: Sum - of-the -Years Digit method:   The sum of the year's digit depreciation is one method for…

Q: (a) Record the above transactions by using the expense warranty treatment for the years 2019 and…

A:

Q: Noora Company manufactures quality hair care product. The ingredients are combined in the mixing…

A: Solution: Noora Company Production Cost report - Mixing Department Computation of Equivalent…

Q: How come that it became P27,000? Isn't that is the non-controlling interest in net assets (90,000 x…

A: Non Controlling Interest Calculation of non controlling interest is important in part in the workout…

Q: On January 1, 2019, an entity purchased 25% of the outstanding ordinary shares of another entity for…

A: Excess of cost over the carrying amount of net assets acquired (Jan 1, 2019):