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Exercise 1 (12 marks) On July 1, 2014, Piper Corporation issued 23,000 shares of its own $2 par value common stock for 40,000 shares of
Exercise 1 (12 marks) On July 1, 2014, Piper Corporation issued 23,000 shares of its own $2 par value common stock for 40,000 shares of the outstanding stock of Sector Inc. in an acquisition. Piper common stock at July 1, 2014 was selling at $16 per share. Just before the business combination, balance sheet information of the two corporations was as follows: Required: 1. Prepare the journal entry on Piper Corporation's books to account for the investment in Sector Inc. 2. Prepare a consolidated balance sheet for Piper Corporation and subsidiary immediately after the business combination. ( Show the adjusting and eliminating entries. Show all the calculations ) !! 
On July 1, 2014, Piper Corporation issued 23,000 shares of its own $2 par value common stock for 40,000 shares of the outstanding stock of Sector Inc. in an acquisition. Piper common stock at July 1,2014 was selling at $16 per share. Just before the business combination, balance sheet information of the two corporations was as follows: Required: 1. Prepare the journal entry on Piper Corporation's books to account for the investment in Sector Inc. 2. Prepare a consolidated balance sheet for Piper Corporation and subsidiary immediately after the business combination. Show the adjusting and eliminating entries. Show all the calculations
Exercise 1 (12 marks) On July 1, 2014, Piper Corporation issued 23,000 shares of its own $2 par value common stock for 40,000 shares of the outstanding stock of Sector Inc. in an acquisition. Piper common stock at July 1, 2014 was selling at $16 per share. Just before the business combination, balance sheet information of the two corporations was as follows:
Required:
1. Prepare the journal entry on Piper Corporation's books to account for the investment in Sector Inc.
2. Prepare a consolidated balance sheet for Piper Corporation and subsidiary immediately after the business combination. ( Show the adjusting and eliminating entries. Show all the calculations ) !!
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Data Communications Network Auditing How To Save Hundreds Of Thousands Of Dollars And Still Improve Network Response Time Network Performance And Network Availability
Authors: Bruce Griffis
1st Edition
0936648937, 978-0936648934
