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Thank you for help in advance! During 2005, eBay acquired 100% of four different companies as follows (assume all companies have a December 31 year-end).
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During 2005, eBay acquired 100% of four different companies as follows (assume all companies have a December 31 year-end). Net income amounts are stated in thousands of dollars; assume that the net income is earned uniformly throughout the year 2005 2005 Annual Acquired on Company Net Income February 1, 2005 April 1, 2005 September 1, 2005 October 14, 2005 $12,000 Rent.com International classified websites 5,000 20,000 Shopping.com Skype 120,000 How much of the income earned by each of these companies will be recorded in consolidated net income in the year of acquisition? (Round answer to 0 decimal places, e.g. 5,125.) Total Income AcquiredStep by Step Solution
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