Business, 22.05.2020 03:57 kaliyab191

Beta Company acquired 100 percent of the voting common shares of Standard Video Corporation, its bitter rival, by issuing bonds with a par value and fair value of $150,000. Immediately prior to the acquisition, Beta reported total assets of $500,000, liabilities of $280,000, and stockholders' equity of $220,000. At that date, Standard Video reported total assets of $400,000, liabilities of $250,000, and stockholders' equity of $150,000. Included in Standard's liabilities was an account payable to Beta in the amount of $20,000, which Beta included in its accounts receivable.
Based on the preceding information, what amount of total assets did Beta report in its balance sheet immediately after the acquisition?a. $500,000b. $650,000c. $750,000d. $900,000

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Beta Company acquired 100 percent of the voting common shares of Standard Video Corporation, its bitter rival, by issuing bonds with a par value and fair value of $150,000. Immediately prior to the acquisition, Beta reported total assets of $500,000, liabilities of $280,000, and stockholders' equity of $220,000. At that date, Standard Video reported total assets of $400,000, liabilities of $250,000, and stockholders' equity of $150,000. Included in Standard's liabilities was an account payable to Beta in the amount of $20,000, which Beta included in its accounts receivable.
12.
Required information
Based on the preceding information, what amount of total assets did Beta report in its balance sheet immediately after the acquisition?
$500,000
$650,000
$750,000
$900,000
13.
Required information
Based on the preceding information, what amount of total assets was reported in the consolidated balance sheet immediately after acquisition?
$650,000
$880,000
$920,000
$750,000
14.
Required information
Based on the preceding information, what amount of total liabilities was reported in the consolidated balance sheet immediately after acquisition?
$500,000
$530,000
$280,000
$660,000
15.
Required information
Based on the preceding information, what amount of stockholders' equity was reported in the consolidated balance sheet immediately after acquisition?
$220,000
$150,000
$370,000
$350,000

Answer from: Quest

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Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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