Bundle: Essentials of Business Communication, Loose-leaf Version, 11th + MindTap Business Communication, 1 term (6 months) Printed Access Card
11th Edition
ISBN: 9781337736350
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Question
Chapter 14, Problem 14.8AAC
Summary Introduction
To determine: To face an interview job seeker should be thoroughly prepared.
Introduction: Interviewers look for candidates who are confident and well prepared for the interview.
Summary Introduction
To determine: The best success stories you would like to share at an interview to please the audience.
Introduction: Sharing your own success stories to win an interview.
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General Accounting question
Wilson Corporation acquires Greatbatch Company for $80 million cash in a merger. The balance sheets of both companies at the date of acquisition are as follows:
Balance Sheet
(in millions)
Wilson Greatbatch
Current assets $96 $8
Property and equipment 800 144
Intangibles 32 4.8
Total assets $928 $156.8
Current liabilities $40 $3.2
Long-term debt 640 104
Capital stock 80 19.2
Retained earnings 192 24
Accumulated other comprehensive income (loss) (24) 6.4
Total liabilities and equity $928 $156.8
Greatbatch's property and equipment is overvalued by $48 million, its reported intangibles are undervalued by $32 million, and it has unreported intangibles, in the form of customer databases and marketing agreements, valued at $11.2 million.
Required
Prepare Wilson's balance sheet immediately following the merger.
Use a negative sign with your answer for AOCI if the balance is a loss.
Chapter 14 Solutions
Bundle: Essentials of Business Communication, Loose-leaf Version, 11th + MindTap Business Communication, 1 term (6 months) Printed Access Card
Ch. 14 - Prob. 11CTCh. 14 - Prob. 12CTCh. 14 - Prob. 13CTCh. 14 - Prob. 14CTCh. 14 - Prob. 15CTCh. 14 - Prob. 14.2AACCh. 14 - Prob. 14.3AACCh. 14 - Prob. 14.4AACCh. 14 - Prob. 14.5AACCh. 14 - Prob. 14.6AAC
Ch. 14 - Prob. 14.7AACCh. 14 - Prob. 14.8AACCh. 14 - Prob. 14.9AACCh. 14 - Prob. 14.10AACCh. 14 - Prob. 14.11AACCh. 14 - Prob. 14.12AACCh. 14 - Prob. 14.13AACCh. 14 - Prob. 14.14AACCh. 14 - Prob. 14.15AACCh. 14 - Prob. 14.16AACCh. 14 - Prob. 14.17AACCh. 14 - Prob. 14.18AACCh. 14 - Prob. 14.19AACCh. 14 - Prob. 14.20AACCh. 14 - Prob. 14.21AACCh. 14 - Prob. 14.22AACCh. 14 - Prob. 14.23AACCh. 14 - Prob. 14.24AACCh. 14 - Prob. 14.25AACCh. 14 - Prob. 1EC14
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