FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 P Ltd. acquires 80% of S Ltd. (8,000 of S Ltd's shares) for $72,000 by paying $9 per share. S Ltd. shares are trading

image text in transcribed

1 P Ltd. acquires 80% of S Ltd. (8,000 of S Ltd's shares) for $72,000 by paying $9 per share. S Ltd. shares are trading for $7.75 per share at acquisition date. What was the implied value of 100% investment in S Ltd ? E $72,000 $90,000 $87,500 None of these

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Managerial Accounting

Authors: John Wild, Ken Shaw, Barbara Chiappetta

8th Edition

1264111924, 9781264111923

More Books

Students also viewed these Accounting questions

Question

★★★★★
Why is writing in a natural, conversational tone difficult for many people?

Answered: 1 week ago

Question

★★★★★
Analyse the problem and satisfy the requirements given below. ROUND OFF your final answer to two decimal places. WHEN PLACING YOUR ANSWER, INCLUDE THE COMMA BUT DO NOT PUT UNITS, CURRENCY, PERCENTAGE...

Answered: 1 week ago

Question

★★★★★
=+ Do you see any potential problems with the analysis?

Answered: 1 week ago

Question

★★★★★
Gunst Company produces three video games: Android, Bio-Mutant, and Cyclops. Cost and revenue data pertaining to each product are as follows: At the present time, demand for each of the companys...

Answered: 1 week ago

Question

★★★★★
Answer and explain Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture...

Answered: 1 week ago

Question

★★★★★
The effect of varying current speeds on the crossing time and the downstream distance for a boat which heads straight across a river with constant boat speed. River Width Boat Speed Current Speed...

Answered: 1 week ago

Question

★★★★★
Requests for reduce tasks are not made until ____% of map tasks are completed (Fill in the blank _____) a. 100% b. 5% c. 50% d. 1%

Answered: 1 week ago

Question

★★★★★
Denver Co. is about to order supplies from Canada that are denominated in Canadian dollars (C$). It has no other transactions in Canada and will not have any other transactions in the future. The...

Answered: 1 week ago

Question

★★★★★
Your client uses the Deposit feature to record retainers in QuickBooks Online. The customer paid a deposit of $600, and you create an invoice for $1,500 worth of work. Where does the outstanding...

Answered: 1 week ago

Question

★★★★★
Successful implementation of strategy depends upon the congruence of both formal and informal parts of an organization. Which of the following is POOR advice to minimize the performance gap (i.e.,...

Answered: 1 week ago

Question

★★★★★
A public health class is tasked with creating a mock response to a hurricane situation. Instructions included assuring the plan included common terminology. Which of the following would be an example...

Answered: 1 week ago

Question

★★★★★
=+3. How will you measure action objective?

Answered: 1 week ago

Question

★★★★★
=+2. What research methodologies would be most effective?

Answered: 1 week ago

Question

★★★★★
=+ Focus groups with representative publics. Which publics?

Answered: 1 week ago

Previous Question Next Question