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

Question

1 Approved Answer

please help Pratt Company acquired all of the outstanding shares of Spider, Inc., on December 31,2021 , for ( $ 487,350 ) cash. Pratt will

please help Pratt Company acquired all of the outstanding shares of Spider, Inc., on December 31,2021 , for \( \$ 487,350 \) cash. Pratt will operate Spider as a wholly owned subsidiary with a separate legal and 2 answers

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

Essentials of Accounting for Governmental and Not-for-Profit Organizations

Essentials of Accounting for Governmental and Not-for-Profit Organizations

Authors: Paul A. Copley

10th Edition

007352705X, 978-0073527055

More Books

Students also viewed these Accounting questions

Question

machine element is made of an alloy with Yield strength of 200 Mpa and fracture strain is 0.08. A machine element is characterized by the normal stress components as shown in the figure. The Answer...

Answered: 1 week ago

Question

★★★★★
Complete the reactions given in Fig. P19.45 by giving the principal organic product(s). Fig. P19.45 (a) (b) (c) p-toluenesulfonic acid (catalyst CH, t CH,OH - (solvent) ether Hio -caphenone, +...

Answered: 1 week ago

Question

★★★★★
1. Is useful to those making investment and credit decisions.

Answered: 1 week ago

Question

★★★★★
Let X be a discrete random variable with probability function (i) Show that the variable Y = |X| has probability function i.e. Y has the discrete uniform distribution on the set {0, 1, 2, 3,, n 1}....

Answered: 1 week ago

Question

★★★★★
Using the following data from Moontrust Corporations financial statements, compute the receivables turnover and the days sales uncollected. (Round to one decimal place or to the nearest whole day.)...

Answered: 1 week ago

Question

★★★★★
A call option has a premium of $0.60, a strike price of $40, and 3 months to expiration. The current stock price is $39.60. The stock will pay a $0.80 dividend two months from now. The risk-free rate...

Answered: 1 week ago

Question

★★★★★
Review the Umar Book Chapter1 on Digital Enterprises (Section 1.3 through 1.5) and Chapter 2 on IT Planning (Section 2.3 through 2.6). Based on this information, develop a sketch of an IT Plan for...

Answered: 1 week ago

Question

★★★★★
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were...

Answered: 1 week ago

Question

★★★★★
Question 2 Alex is currently considering to invest his money in one of the companies between Company A and Company B. The summarized final accounts of the companies for their last completed financial...

Answered: 1 week ago

Question

★★★★★
Nuk Taku Co uses Job order Costing. The following Cost Apply to the company Operations Direct Materials Used 250,000 Direct Labor 300,000 Indirect Labor 6,000 Rent Factory 60,000 Building Indirect...

Answered: 1 week ago

Question

★★★★★
On January 22, Ireland Corporation issued for cash 33,000 shares of no-par common stock at $35. On February 14, Ireland issued at par value 4,000 shares of preferred 7% stock, $50 par for cash. On...

Answered: 1 week ago

Question

★★★★★
Problem 3 Complete the following perpetual inventory form. Perpetual Inventory Total Product Name: Purchase Unit Size: Carried Forward: Date In Out 1/7 3 Balance 1/9 2 1/10 1 1/12 5 1 1/15 2

Answered: 1 week ago

Question

★★★★★
Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders'...

Answered: 1 week ago

Question

★★★★★
? Required information [ The following information applies to the questions displayed below. ] Hero Sandwich Shop had the following long - term asset balances as of January 1 , 2 0 2 4 : Hero...

Answered: 1 week ago

Question

★★★★★
PC Contractors, Inc., was an excavating business in Kansas City, Missouri. Union Bank made loans to PC, subject to a perfected security interest in its equipment and other assets, including...

Answered: 1 week ago

Question

★★★★★
EXERCISE 106 Selected financial data of Future Technologies, Inc., at December 31, Year 1, are shown below: Cash......................................... $ 42,000 Accounts payable ........$ 78,000...

Answered: 1 week ago

Question

★★★★★
EXERCISE 106 5. The existence of uncapitalized operating leases is to (choose one of the following): a. Overstate the earnings to fixed charges coverage ratio. b. Overstate fixed charges. c....

Answered: 1 week ago

Question

★★★★★
EXERCISE 106 Reproduced below are selected financial data at the end of Year 5 and forecasts for the end of Year 6 for Top Corporation: Year 6 Year 6 Account Year 5 (Forecast) Account Year 5...

Answered: 1 week ago

Previous Question Next Question