Lucky's acquires Waterview, Inc., by issuing 40,000 shares of $1 par common stock with a market price of $25 per share on the acquisition date and paying $125,000 cash. The assets and liabilities onWaterview's balance sheet were valued at fair values except equipment that was undervalued by $300,000. There was also an unrecorded patent valued at $40,000, as well as an unrecorded trademark valuedat $75,000. In addition, the agreement provided for additional consideration, valued at $60,000, if certain earnings targets were met.The pre-acquisition balance sheets for the two companies at acquisition date are presented below.Lucky'sWaterview$ 300,000250,000CashAccounts receivableInventoryProperty, plant, and equipmentAccounts payableSalaries and taxes payableNotes payableCommon stockAdditional paid-in capitalRetained earningsCompute the consolidated balance in Cash.Select one:OOOA. $435,000B. $475,000C. $560,000D. $300,000254,0002,300,000$3,104,000$ 260,000135,000275,000356,500$1,026,500$ 45,000 $ 37,500450,00046,000500,000450,000250,00060,000950,000106,500909,000326,500$3,104,000$1,026,500

Name: Lucky's acquires Waterview, Inc., by issuing 40,000 shares of $1 par
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Lucky's acquires Waterview, Inc., by issuing 40,000 shares of $1 par common stock with a market price of $25 per share on the acquisition date and paying $125,000 cash. The assets and liabilities onWaterview's balance sheet were valued at fair value

To compute the consolidated balance in Cash, we need to combine the cash balances from Lucky's and…

Answered: Compute the consolidated balance in…

Business

Accounting

Compute the consolidated balance in Cash. Select one: OA. $435,000 O B. $475,000 C. $560,000 D. $300,000 O

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Using the following information, determine the balance of the cash account. The left side of the T account sums to $34,500, and the right side of the T account sums to $19,450. a.$15,050 b.$19,450 c.$34,500 d.$53,950
Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Cash Accounts receivable. Equipment, net Land Total assets Cash Accounts receivable Equipment, net Current Year $ 12,200 63,000 62,000 100,500 $ 237,700 Express the items in common-size percents. (Round your percentage answers to one decimal place.) Land Total assets Current Year Prior Year $ 15,400 28,700 54,400 75,000 $ 173,500 % % % % 0.0 % Prior Year % % % % 100.0 %
The total amount of present worth for the cash flow diagram below is : $1000 Select one: 2 $500 3 4 a. $305 at interest rate 10% b. Zero at interest rate 10% C. Zero at interest rate 15% d. $305 at interest rate 15% $1500 5
What is the current value of the cash flow represented below? 0 1 2 HH (100) 200 $1,287 $1.566 $489 $923 3 200 4 i = 4% 5 H (300) 100 6 7 8 9 400 400 10 H 400 400 400
Complete the followin Common Size Balance Sheet: Amount Percent Cash $ 600 (c) _____________________________ Accounts Receivable 1,400 (d)_____________________________ Total Aseets $ 2,000 (e) _______________________________ Accounts Payable 400 (f) _______________________________ Notes Payable 800 (g)________________________________ Total Liabilities 1,200 (h)…
Qq.59. Subject :- Account A coporation reported cash of $15,600 and total assets of 179,900 on its balance sheet. Its commen size percent for cash equals
Please help me with show all calculation thanku
Mazaya Company has the following information available: Net Income R.O. 55,000; Cash Provided by Operations R.O. 68,200; Cash Sales R.O. 143,000; Capital Expenditures R.O.24,200; Dividends Paid R.O. 6,600. What is Mazaya's free cash flow? Select one: a. R.O.61,600 b. R.O.37,400 c R.O.44,000 d. R.O.24,200
How much is the ending cash balance?
MC Qu. 12-124 The net cash flow provided by.. The net cash flow provided by operating activitles is an Inflow of $37,042, the net cash flow used in Investing activities is $16,831, and the net cash flow used in financing activities is $26,397. If the beginning cash account balance is $11,283, what is the ending cash account balance? Multiple Choice $27.476 ($6.186) $38,759 $5,097
Convert the cash flow shown in figure B to a future amount at t=7 when i=2%. O a. $1110 $370 $370 $370 O b.$1207.73 O. S1132 O d. $1500 $200 $100 1 2 3 4 $300
How many IRRs could the following cash flows produce? YR CF 0 -200,000 1 -50,000 2 80,000 3 90,000 4 120,000 5 70,000