At what amount did botkins record the investment, Accounting Basics

+44 141 628 6080
[email protected]

At what amount did botkins record the investment

Prior to being united in a business combination, Botkins INc. and Volkerson Corp. had the following stockholders equity figures:
Common STock ($1 par value): Botkin $220,000
Volkerson $54,000
APIC: Botkin $110,000 & Volkerson $25,000
Retained Earnings: Botkins $360,000 & Volkerson $130,000

Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson. Assume that Botkins acquired Volkerson on January 1, 2010. At what amount did Botkins record the investment in Volkerson?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: At what amount did botkins record the investment

Reference No:- TGS082445

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Information on temperature and pain to the brain

A-delta fibers carry information on temperature and pain to the brain, and C fibers carry information on temperature, pain and itch. Is there a difference between the type of pain and temperature information carried by the two different types o

Q : Formulate young-s production plan

Margaret Young's family owns five panels of farmland broken into a southwest sector. Formulate Young's production plan. (Define the decision variables, objective function and the constraints).

Q : Contribution margin per unit problem

Carver Company produces a product which sells for $30. Variable manufacturing costs are $15 per unit. Fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. A s

Q : Design another quasi-experimental research project

Design another quasi-experimental research project, and discuss the seven different threats to internal validity that Cook and Campbell (1979) outlined in the text.

Q : At what amount did botkins record the investment

Q : Consider prokaryotes and eukaryotes

Consider prokaryotes and eukaryotes:

Q : What type is your terminal

Ideally it would be preferred if you could have a step-by-step I could follow with additional images for better visualization

Q : Prepare the adjusting entry

At the end of the current year, Accounts Receivable has a balanced of $800,000; Allowance for Doubtful accounts has a debit balance if $2000; and Net Sales for the year total $2,200,000. Bad debt expense is estimated at 1/2 of 1% of net sales. Pre

Q : Calculate probability of four or more students being in line

Calculate the probability of four or more students being in line or being served. Before a test the arrival of students increases to six per hour on the average. What does this do to the average length of the line.

1944163

Questions
Asked

3,689

Active Tutors

1451591

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: At what amount did botkins record the investment

Reference No:- TGS082445

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Information on temperature and pain to the brain

Q : Formulate young-s production plan

Q : Contribution margin per unit problem

Q : Design another quasi-experimental research project

Q : At what amount did botkins record the investment

Q : Consider prokaryotes and eukaryotes

Q : What type is your terminal

Q : Prepare the adjusting entry

Q : Calculate probability of four or more students being in line

What helps to be more professional

Areas mentioned specifically as wanting to join the eeu

Identify ego psychology limitations

Determining whether male college students

Compare independent variables, dependent variables

Discuss use of electronic devices like social media

How social determinants of health affect the physiological

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: At what amount did botkins record the investment

Reference No:- TGS082445

Recent Questions Asked Accounting Basics

Q : Information on temperature and pain to the brain

Q : Formulate young-s production plan

Q : Contribution margin per unit problem

Q : Design another quasi-experimental research project

Q : At what amount did botkins record the investment

Q : Consider prokaryotes and eukaryotes

Q : What type is your terminal

Q : Prepare the adjusting entry

Q : Calculate probability of four or more students being in line

Asked Questions