(it is not necessary to prepare the worksheet. the inventory was sold in2013.salem company’s net income and dividends declared in 20 were as follows: year 2013 net income of $100,000 dividends declared of $25,000year 2014 net income of $110,000 dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. the equipment had a remaining life of five years on january 1, 2013. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. Ursula is likely to prevail because an enforceable unilateral contract exists based on her provision of information leading to the capture of Victor.Įliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. Ursula is likely to prevail because a valid bilateral contract existed.Į. The bank is likely to prevail because no valid bilateral contract existed.ĭ. The bank is likely to prevail because Ursula was tainted by being Victor's girlfriend.Ĭ. The bank is likely to prevail because Ursula only provided past consideration.ī. Those safes really have little value other than to someone who wants one. Still, it is heavy, probably around 1,500 lbs and maybe more. It should be filled with concrete between steel layers, which is old technology to keep out the bad people. 23.99 Blains Farm & Fleet 50 lb Adult Maintenance Dog Food Rated 4.7 stars (45) Reviews. Not an expert on safes, but that one is not solid steel. 12.99 - 24.99 Blains Farm & Fleet Nyjer Bird Feed Rated 4.3 stars (32) Reviews. In a lawsuit between the bank and Ted, regarding the reward funds, who is likely to prevail and why?a. Blains Farm & Fleet Berry Suet Value 10 Pack Rated 4.9 stars (81) Reviews. The bank refuses to pay either Ursula or Ted any of the reward money. He found Victor based upon a hunch he had after Ursula, who dated Victor, told him about various places Victor enjoyed eating. While on duty, Ted arrested Victor at a hamburger joint in town. If you are having trouble choosing which brand to pick from, please give us a call at 80 today and talk to one of our security professionals. Safe Bank offered a reward of 10,000 for anyone who captured or provided information leading to. Ted, a police officer in town, promised Safe Bank officials that he would apprehend Victor. Click on one of the icons below to pick from one of our top rated brands to narrow down your search for a safe that meets your needs for home or business. Victor robbed Safe Bank of a significant sum of cash. Safe Bank offered a reward of $10,000 for anyone who captured or provided information leading to the capture of Victor. Victor robbed Safe Bank of a significant sum of cash.
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