subject
Business, 09.12.2021 04:10 vcasela

On June 30, Year 1, Pane Corp. exchanged 150,000 shares of its $20 par value common stock for all of Sky Corp.'s common stock. At that date, the fair value of Pane's common stock issued was equal to the book value of Sky's net assets. Both corporations continued to operate as separate businesses, maintaining accounting records with years ending December 31. Information from separate company operations follows: Pane Sky Retained earnings—12/31/Year 0 $3,200,000 $925,000 Net income—six months ended 6/30/Year 1 800,000 275,000 Dividends paid—3/25/Year 1 750,000 - If the business combination is accounted for as an acquisition, what amount of retained earnings would Pane report, in its June 30, Year 1, consolidated balance sheet?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:30
He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.
Answers: 3
question
Business, 22.06.2019 20:10
As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits
Answers: 3
question
Business, 23.06.2019 04:00
Management training programs, mentoring programs, and coaching systems are examples of
Answers: 1
question
Business, 23.06.2019 09:00
It will gain you more knowledge, intensify your soft skills, grow your strong work ethics and grow your network and grow your network. what is it ?
Answers: 3
You know the right answer?
On June 30, Year 1, Pane Corp. exchanged 150,000 shares of its $20 par value common stock for all of...
Questions
question
Mathematics, 11.12.2021 06:00
question
Computers and Technology, 11.12.2021 06:00
question
English, 11.12.2021 06:00
question
English, 11.12.2021 06:00
Questions on the website: 13722367