This document discusses business combinations and provides examples and solutions to related exercises and problems. Specifically:
- A business combination occurs when two or more previously independent companies come under single management control. Mergers and consolidations are types of business combinations.
- Goodwill arises when the cost of an acquisition exceeds the fair value of identifiable net assets. Goodwill is not amortized for financial reporting.
- A bargain purchase occurs when the acquisition price is less than the fair value of net assets, resulting in a gain.
- Several examples show journal entries to record business combinations, including allocating the cost to identifiable assets and liabilities and any remaining amounts to goodwill.
Under the Hood: Model-Based Development in the Automotive Industry by Darren ...Jordi Cabot
In this talk, we'll look "under the hood" at model-based software development
in the automotive industry and consider:
- Where is model-based development used?
- What specific challenges are presented by the domain?
- Which technologies have proven successful?
- What are the current trends and tomorrow's challenges?
We'll draw on our experience as one of the early providers of model-based
software development tools and offer our perspective gained from over 20 years
or involvement in vehicle projects. Join us for the ride!
The Internet of Cars - Towards the Future of the Connected CarJorgen Thelin
No doubt you have heard the phrase “Internet of Things” and the new buzzword “IoT” been used more and more these days, but what does that mean in practice? The Tesla Model S is probably the most well-connected car on the planet at the moment, and in this presentation we will use that vehicle as a case study of some practical usage of IoT concepts and technology that is already being applied to modern automobiles.How far away are we from a future “Internet of Cars” and what will be the social and privacy impacts of more connected-car scenarios?
#SiriusCon - Constraint Graph: Graphical Modeling of Physical Equation SystemsObeo
[Talk by Lars Geyer-Blaumeiser at #SiriusCon]
ETAS is creating a modeling tool for physical control systems based on Sirius. The graphical part is centered around the modeling of physical equations, i.e., functions and variables. Based on these physical equations the tool allows to check the validity and to create computation sequences to calculate the equations based on a set of known variables.
In my talk I will present the usage of Sirius in this area, the advantages that convinced us to use Sirius but also the challenges in the adoption. One part of the challenges are the interaction with a XText based model and the cooperation with a textual representation. This includes the discrepancies between a resource based and a model based approach.
[About Lars Geyer-Blaumeiser:
Since 8 years Lars is responsible for release engineering and infrastructure development of Eclipse products for bigger Eclipse based IDE products in several divisions of Bosch and ETAS. In this regard he manages the open source components used within these Eclipse projects. Currently he is involved in a new product development which builds both a textual and graphical modeling tool using XText and Sirius. He is particularly interested by Agile Development, Continuous Delivery in a product organization and Eclipse based Business Models.]
Problem 3-2 (LO 2) Simple equity method adjustments, consolidated .docxsleeperharwell
Problem 3-2 (LO 2) Simple equity method adjustments, consolidated worksheet.
On January 1, 2015, Paro Company purchases 80% of the common stock of Solar Company for $320,000. Solar has common stock, other paid-in capital in excess of par, and retained earnings of$50,000, $100,000, and $150,000, respectively. Net income and dividends for two years for Solar are as follows:
2015
2016
Net income
$60,000
$90,000
Dividends
20,000
30,000
On January 1, 2015, the only undervalued tangible assets of Solar are inventory and the building. Inventory, for which FIFO is used, is worth $10,000 more than cost. The inventory is sold in 2015. The building, which is worth $30,000 more than book value, has a remaining life of10 years, and straight-line depreciation is used. The remaining excess of cost over book value is attributed to goodwill.
Required
1. Using this information and the information in the following trial balances on December 31, 2016, prepare a value analysis and a determination and distribution of excess schedule:
Paro Company
Solar Company
Inventory, December 31
100,000
50,000
Other Current Assets
136,000
180,000
Investment in Solar Company
400,000
Land
50,000
50,000
Buildingsand Equipment
350,000
320,000
Accumulated Depreciation
(100,000)
(60,000)
Goodwill
Other Intangibles
20,000
Current Liabilities
(120,000)
(40,000)
Bonds Payable
(100,000)
Other Long-Term Liabilities
(200,000)
Common Stock—Paro Company
(200,000)
Other Paid-In Capital in Excess of Par—Paro Company
(100,000)
Retained Earnings—Paro Company
(214,000)
Common Stock—Solar Company
(50,000)
Other Paid-In Capital in Excess of Par—Solar Company
(100,000)
Retained Earnings—Solar Company
(190,000)
Net Sales
(520,000)
(450,000)
Cost of Goods Sold
300,000
260,000
Operating Expenses
120,000
100,000
Subsidiary Income
(72,000)
Dividends Declared—Paro Company
50,000
Dividends Declared—Solar Company
30,000
Totals
0
0
2. Complete a worksheet for consolidated financial statements for 2016. Include columns for eliminations and adjustments, consolidated income, NCI, controlling retained earnings, and consolidated balance sheet.
Problem 3-10 (LO3, 5) 100%, cost method worksheet, several adjustments, third year.
Refer to the preceding information for Paulcraft’s acquisition of Switzer’s common stock. Assume that Paulcraft pays $480,000 for 100% of Switzer common stock. Paulcraft uses the cost method to account for its investment in Switzer. Paulcraft and Switzer have the following trial balances on December 31, 2017 as shown on page 191.
Paulcraft
Switzer
Cash
100,000
110,000
Accounts Receivable
90,000
55,000
Inventory
120,000
86,000
Land
100,000
60,000
Investment in Switzer
480,000
Buildings
800,000
250,000
Accumulated Depreci.
ChapterTool KitChapter 211/20/18Financial Statements, Cash Flow, and Taxes2-1 Financial Statements and ReportsThe annual report contains a verbal section plus four key statements: the balance sheet, income statement, statement of stockholders' equity, and statement of cash flows.Our spreadsheets use formulas rather than fixed numbers. For example, the cell for Total assets for the most recent year contains the Sum formula rather than just a fixed number. That way, if the data for any inputs (cash, for instance) change, the spreadsheet will automatically recalculate and provide the correct new value for Total assets.In financial modeling, it is helpful to users when input data is grouped together, so you should follow this practice in your own models, too.2-2 The Balance SheetINPUT DATA SECTION: Historical Data Used in the Analysis20192018Tax rate25%25%Weighted average cost of captal (WACC)11.50%11.50%Figure 2-1MicroDrive Inc. December 31 Balance SheetsOlder version in manuscript 4/20(Millions of Dollars)Assets20192018Assets20192018Cash and equivalents$100$110Cash and equivalents$100$102Short-term investments10182Short-term investments1040Accounts receivable500410Accounts receivable500384Inventories1,000830Inventories1,000774Total current assets$1,610$1,532Total current assets$1,610$1,300Net plant and equipment2,0001,780Net property, plant, and equipment (PP&E)2,0001,780Note: Net plant and equipment is equal to cumulative purchases of fixed assets less cumulative depreciation and cumulative disposed assets. Total assets$3,610$3,312Total assets$3,610$3,080Liabilities and EquityLiabilities and EquityAccounts payable$200$190Accounts payable$200$180Notes payable150100Notes payable15028Accruals400370Accruals400370Total current liabilities$750$660Total current liabilities$750$578Long-term bonds520500Long-term bonds520350Total liabilities$1,270$1,160Total liabilities$1,270$928Preferred stock (1,000,000 shares)100100Preferred stock (1,000,000 shares)100100Common stock (50,000,000 shares)500500Common stock (50,000,000 shares)500500Retained earnings1,7401,552Retained earnings1,7401,552Total common equity$2,240$2,052Total common equity$2,240$2,052Total liabilities and equity$3,610$3,312Total liabilities and equity$3,610$3,0802-2 The Income StatementFigure 2-2MicroDrive Income Statements (and Selected Additional Information) for Years Ending December 31(Millions, Except for Per Share Data)20192018Older version in manuscript 4/20Net sales$5,000$4,800Net sales50004680Costs of goods sold except depreciation3,9003,710Costs of goods sold except depreciation$3,900$3,618Depreciation and amortizationa200180Depreciation and amortizationa200180Other operating expenses500470Other operating expenses500470Earnings before interest and taxes (EBIT)$400$440Earnings before interest and taxes (EBIT)400412Less interest 6040Less interest $60$56Pre-tax earnings$340$400Pre-tax earnings340356Taxes85100Taxes$85$89Net Income before preferred dividends$255$300Net Income before ...
Magic Blades stock has risen rapidly to $50 per share. Th.docxsmile790243
Magic Blade's stock has risen rapidly to $50 per share. The increase is due to excitement about its new knife
that uses a light beam to slice fruits and vegetables. This process enhances the final appearance and quality
of salads and fruit trays.
The board of directors is considering strategies to divide the corporate ownership into more shares of stock,
and bring about some reduction in the price per share. They are considering a stock split, small stock dividend,
or large stock dividend. The board is unsure of the accounting effects of such transactions, and has requested
information about how stockholders' equity would be impacted.
Prior to the contemplated stock transaction, equity consisted of:
Stockholders’ Equity
Common stock, $2 par value, 2,000,000 shares authorized,
500,000 shares issued and outstanding $1,000,000
Paid-in capital in excess of par 2,000,000
Retained earnings 6,000,000
Total stockholders’ equity $9,000,000
(a) Assuming the board were to declare a 2 for 1 split, how would the revised stockholders' equity
appear?
(b) Assuming the board were to declare a 15% stock dividend, how would the revised stockholders'
equity appear?
B-14.07 Stock dividends and splits
x
SPREADSHEET
TOOL:
Holding a
cell reference
constant
Mike
Highlight
Summary information for Branford Corporation's balance sheet follows:
BRANFORD CORPORATION
Balance Sheet
August 15, 20X4
Assets
Cash $ 125,000
Accounts receivable 250,000
Inventory 750,000
Property, plant, & equipment (net) 860,000
Total assets $1,985,000
Liabilities
Accounts payable $125,000
Accrued liabilities 260,000
Notes payable 290,000
Total liabilities $ 675,000
Stockholders’ equity
Common stock, $5 par $700,000
Paid-in capital in excess of par 300,000
Retained earnings 310,000
Total stockholders’ equity 1,310,000
Total liabilities and equity $1,985,000
Branford's business is growing rapidly, and the company needs to expand its manufacturing facilities. This
expansion will require the company to obtain an additional $1,000,000 in cash. The company is exploring
five alternatives to obtain the necessary capital:
Equity structure and impact I-14.01
Mike
Highlight
366 | CHAPTER 14
DEBT OPTION:
Branford is able to borrow, on a 5-year note, the full amount needed. The interest rate on
this note would be 7%, and the note would require monthly payments.
COMMON STOCK OPTION:
Branford has identified an investor who is willing to pay $1,000,000 for 40,000 newly is-
sued common shares. Common shares have been paying a dividend of $0.50 per share.
Branford anticipates that this dividend rate will be maintained.
NONCUMULATIVE PREFERRED STOCK OPTION:
Branford has identified a hedge fund that will pay $1,000,000 for 8% noncumulative
preferred stock to be issued at par.
CUMULATIVE PREFERRED STOCK OPTION:
Branford has identified an insurance company that will pay $1,000,000 for 6% cumulative
preferred ...
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com