Plum Corporation paid $700,000 for a 40% interest in Satin Company on January 1, 2013 when Satin's stockholders' equity was as follows: 10% cumulative preferred stock, $100 par Common stock, $10 par value Other paid-in capital Retained earnings Total stockholders' equity On this date, the book values of Satin's assets and liabilities equaled their fair values and there were no dividends in arrears. Calculate the amount recorded in the Investment in Satin Company $700,000 O $150,000 O $2,000,000 O $500,000 Question 6 Compute the amount of implied Goodwill in this transaction. O $500,000 $100,000 O $600,000 $500,000 300,000 400,000 800,000 $2,000,000 O $2,000,000

In January 2014, ABC Corporation, a new corporation, issued 10,000 shares of common stock with a par value of $10 for $15 per share. On July 1, 2014, ABC Corporation repurchased 1,000 shares of stock that were outstanding for $12 per share. This repurchase transaction has the effect of: a. it does not affect the total shareholders' equity. b. reduce the total equity of the shareholders. c. decrease the number of shares issued.

On January 1, 2021, Anna Inc. owned 75% of the common stock of Jill Co. On that date, Jill's stockholders' equity accounts had the following balances: Common stock ($6 par value) $ 300,000 Additional paid-in capital 120,000 Retained earnings Total stockholders' equity The balance in Anna's Investment in Jill Co. account was $570,000, and the noncontrolling interest was $190,000. On January 1, 2021, Jill Co. sold 10,000 shares of previously unissued common stock for $12 per share. Anna did not acquire any of these shares. What is the balance in Anna Inc's Investment in Jill Co. account following the sale of the 10,000 shares of common stock? O $403,000. 340,000 $760,000 O $550,000. O $570,000. O $660,000. @ $880,000.

On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par SI, authorized 100.000 shares Capital in excess of par value ($2 per share) Retained carnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given) A B. C. D. Issued a 100° stock dividend when the market price was at $5 per share. Purchased treasury stock, 1.000 shares at a total cost of $8.000. Declared and paid cash dividends. SI5.000. Net income for 2010. S25.000

At the beginning of 2025, Bridgeport Industries had 26,000 shares of common stock issued and outstanding and 500 of $1,000, 6% bonds (issued at par), each convertible into 10 shares of common stock. During 2025, Bridgeport had revenues of $152,000 and expenses other than interest and taxes of $111,000. Assume that the tax rate is 20%. None of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ (b) Assume the same facts as those assumed for part (a), except that the 500 bonds were issued on September 1, 2025 (rather than in a prior year), and none have been converted or redeemed. Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ 1.06 Earnings per share $ 1.04 (c) Assume the same facts as assumed for part (a), except that 100 of the 500 bonds were actually converted on July 1, 2025. Compute diluted earnings per share for…