In buying alliances, participants offer to trade goods or services
Indicate whether the statement is true or false
FALSE
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Flynn acquires 100 percent of the outstanding voting shares of Macek Company on January 1, 2018. To obtain these shares, Flynn pays $400 cash (in thousands) and issues 10,000 shares of $20 par value common stock on this date. Flynn's stock had a fair value of $36 per share on that date. Flynn also pays $15 (in thousands) to a local investment firm for arranging the acquisition. An additional $10 (in thousands) was paid by Flynn in stock issuance costs.The book values for both Flynn and Macek as of January 1, 2018 follow. The fair value of each of Flynn and Macek accounts is also included. In addition, Macek holds a fully amortized trademark that still retains a $40 (in thousands) value. The figures below are in thousands. Any related question also is in thousands. Flynn, Inc Macek
Company Book Value Fair ValueCash$900 $80 $80 Receivables 480 180 160 Inventory 660 260 300 Land 300 120 130 Buildings (net) 1,200 220 280 Equipment 360 100 75 Accounts payable 480 60 60 Long-term liabilities 1,140 340 300 Common stock 1,000 80 Additional paid-in capital 200 0 Retained earnings 1,080 480 ?What amount will be reported for consolidated cash after the acquisition is completed? A. $580,000. B. $500,000. C. $555,000. D. $875,000. E. $475,000.
Employees for companies with established service standards tend to achieve a higher level of productivity.
Answer the following statement true (T) or false (F)
The percent of sales method provides a more detailed plan for future financing needs than the cash
budget because both pro forma income statements and balance sheets are used in the analysis. Indicate whether the statement is true or false
________ are established to evaluate a customer's creditworthiness and to determine the minimum requirements for extending credit to a customer
A) Lines of credit B) Credit limits C) Collection agencies D) Credit standards