The number of shares sold to stockholders are ____________________ shares.

Fill in the blank(s) with the appropriate word(s).


issued

Business

You might also like to view...

Social psychological theories regarding diversity have largely been developed in which regions of the world?

*a. North America; Western Europe b. Western Europe; Northern Ireland c. South Africa; North America d. North America; South America

Business

________ is NOT one of the three main country-specific risks as outlined by your authors

A) Transfer risk B) Cultural differences C) Thin equity base D) Protectionism

Business

Sensitivity testing involves:

A) checking to see if your teeth hurt when you brush. B) seeing how accurate data are. C) checking to see if missing data will greatly impact results. D) deleting the associated row.

Business

Consolidated net income attributable to the shareholders of the parent for 2018 would be:

LEO Inc. acquired a 60% interest in MARS Inc. on January 1, 2018 for $400,000. Unless otherwise stated, LEO uses the cost method to account for its investment MARS Inc. On the acquisition date, MARS had common stock and retained earnings valued at $100,000 and $150,000 respectively. The acquisition differential was allocated as follows: $80,000 to undervalued inventory. $40,000 to undervalued equipment. (to be amortized over 20 years) The following took place during 2018: ? MARS reported a net income and declared dividends of $25,000 and $5,000 respectively. ? LEO's December 31, 2018 inventory contained an intercompany profit of $10,000. ? LEO's net income was $75,000. The following took place during 2019: ? MARS reported a net income and declared dividends of $36,000 and $6,000 respectively. ? MARS' December 31, 2019 inventory contained an intercompany profit of $5,000. ? LEO's net income was $48,000. Both companies are subject to a 25% tax rate. All intercompany sales as well as sales to outsiders are priced to provide the selling company with gross margin of 20%. A) $36,300. B) $33,300. C) $12,500. D) $53,200.

Business