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29. Present and future value tables of 1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1
29.
Present and future value tables of 1 at 9% are presented below. |
PV of $1 | FV of $1 | PVA of $1 | FVAD of $1 | FVA of $1 | |
1 | 0.91743 | 1.09000 | 0.91743 | 1.0900 | 1.0000 |
2 | 0.84168 | 1.18810 | 1.75911 | 2.2781 | 2.0900 |
3 | 0.77218 | 1.29503 | 2.53129 | 3.5731 | 3.2781 |
4 | 0.70843 | 1.41158 | 3.23972 | 4.9847 | 4.5731 |
5 | 0.64993 | 1.53862 | 3.88965 | 6.5233 | 5.9847 |
6 | 0.59627 | 1.67710 | 4.48592 | 8.2004 | 7.5233 |
Claudine Corporation will deposit $6,500 into a money market sinking fund at the end of each year for the next six years. How much will accumulate by the end of the sixth and final payment if the sinking fund earns 9% interest?
31.
Lake Incorporated purchased all of the outstanding stock of Huron Company paying $954,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: |
Book Value | Fair Value | |
Current assets (net) | $131,600 | $124,100 |
Property, plant, equip. (net) | 609,000 | 761,000 |
Liabilities | 151,100 | 176,000 |
Lake would record goodwill of: |
$68,900.
$364,500.
$244,900.
$0.
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