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Answered>Order 4609

5.Sewell purchased 80% of the voting stock of Snicker for $425,000. At the date of acquisition, Snicker’s equity accounts were as follows: Common Stock – $615,000; Other Contributed Capital – $120,000 and Retained Earnings – $25,000.At the date of acquisition, all fair values of Snicker’s net assets equal their book value except for Land.Snicker’s fair […]

 

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Answered>Order 4610

ABC company enters into a lease agreement with XYZ corporation for laser tech machines. The lease agreement qualifies as an operating lease. However, there is one thing that stands out. There is a bargain-purchase option. After the 3-year lease term, each laser tech machine can be purchased for $500, even though the market value is […]

 

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Answered>Order 4611

A new life form (Organism X = OX) is discovered in space and is being studied here on earth. Surprisingly, it is found that OX uses proteins made of amino acids to run its biochemistry, just like earth’s life forms. Imagine that you are doing experiments to unravel the details of protein synthesis in OX. […]

 

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Answered>Order 4612

Describe Abell’s three-dimensional business-definition model and explain where it can be utilized. Then, consider Reader’s Digest Association, publisher of Reader’s Digest, the largest circulation magazine in the world in 1992. As famous and as popular as its magazine and brand were at the time, the real value to the company was the huge database of […]

 

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