subject
Business, 17.04.2020 03:13 jordan7626

Watson Company purchased assets of Holmes Ltd. at auction for $1,340,000 cash. An independent appraisal of the fair value of the assets acquired is listed below: Land $ 220,500 Building 367,500 Equipment 588,000 Inventories 294,000 Required: Prepare the journal entry to record the purchase of the assets. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 10:00
Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.
Answers: 1
question
Business, 22.06.2019 11:30
Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer
Answers: 3
question
Business, 22.06.2019 12:50
Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u.s. treasury yield curve can take. check all that apply.
Answers: 2
question
Business, 22.06.2019 19:40
Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing
Answers: 1
You know the right answer?
Watson Company purchased assets of Holmes Ltd. at auction for $1,340,000 cash. An independent apprai...
Questions
question
Mathematics, 24.06.2021 18:20
question
Mathematics, 24.06.2021 18:20
question
Mathematics, 24.06.2021 18:20
question
Mathematics, 24.06.2021 18:20
question
Physics, 24.06.2021 18:20
question
Social Studies, 24.06.2021 18:20
Questions on the website: 13722363