Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Routing Solutions paid $233,000 to acquire Tabletz Company, an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of
Routing Solutions paid $233,000 to acquire Tabletz Company, an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $233,000 and liabilities of $116,500. The fair market value of Tabletz's assets was $233,000. The fair market value of its liabilities was $116,500. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz? O A. $174,750 O B. $233,000 O c. $116,500 OD. $58,250 Organic Produce, Inc. has 41,000 shares of common stock outstanding and 3,000 shares of preferred stock outstanding. The common stock is $0.01 par value; the preferred stock is 10% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $45,000. How much dividend will be paid to the preferred stockholders? O A. $410 O B. $3,000 OC. $45,000 OD. $30,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started