LGM will purchase all of the net assets of DMF by transferring its shares in YYZ. Because of the consideration transferred to DMF, the ____________.
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LGM will purchase all of the net assets of DMF by transferring its shares in YYZ. Because of the consideration transferred to DMF, the ____________.
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- LGM will purchase all of the net assets of DMF by transferring its shares in YYZ.Because of the consideration transferred to DMF, the ____________. A. Retained earnings of LGM will increaseB. Assets of LGM will decreaseC. Paid-in capital of LGM will increaseD. Liability of LGM will increaseABC plans to acquire DEF has substantial depreciable assets that have a fairvalues in excess of their book values. Considering only the tax impact, which of the following statement is true? A. ABC would prefer to purchase DEF’s assets and DEF would prefer to sell its shares to ABC. B. ABC would prefer to purchase DEF’s shares and DEF would prefer to sell its assets to ABC. C. Both ABC and DEF would prefer ABC to purchase DEF’s assets. D. Both ABC and DEF would prefer ABC to purchase DEF’s shares.ABC plans to acquire DEF has substantial depreciable assets that have a fair values in excess of their book values. Considering only the tax impact, which of the following statement is true? BothABC and DEF would prefer ABC to purchase DEF’s BothABC and DEF would prefer ABC to purchase DEF’s ABCwould prefer to purchase DEF’s assets and DEF would prefer to sell its shares to ABCwould prefer to purchase DEF’s shares and DEF would prefer to sell its assets to
- The Vary Company has total assets with a book value of $3,000,000 and a fair value of $4,000,000. A potential primary beneficiary company has guaranteed the debt of the Vary Company and will receive a share of income of the Vary Company based on contractual terms. The primary beneficiary will also have decision power. a. Will the primary beneficiary company record an investment in the equity of the Vary Company? b. Will the Vary Company need to be consolidated. If it is to be consolidated, what adjustments would be needed in the consolidation process?Boehn Corporation accounts for its investment in the common stock of Sells Company under the equity method, since they exert significant influence. Boehn Corporation should ordinarily record a cash dividend received from Sells as a. a reduction of the carrying value of the investment. b. additional paid-in capital. c. an addition to the carrying value of the investment. d. dividend income.Acquirer Corporation would like to purchase the equity of Target Corporation. Target Corporation has the following financial information and forecasts: *How much is the value of control over Target Corporation from the point of view of Acquirer Corporation?
- ABC Corporation will be converted into a publicly listed corporation. The original shareholders would like to protect its intangibles from probable acquirers. It would also like to get the best valuation of the shares to be issued. Based on those information, which will be the LEAST LIKELY strategy to be taken by the original shareholders?a. Transfer of crown jewelb. Asking for assistance of killer beesc. Coordinating with several white squiresd. Application of a scorched earthIn 2010, if Cinnamon is deemed to have control over Cambridge, it will most likelyaccount for its investment in Cambridge using:A . the equity method.B . the acquisition method.C . proportionate consolidationIf an investor sells an ordinary share at a price above that which he or she originally paid, the investor is said to have earnedSelect one: a.a capital expenditure. b.a capital gain. c.an originating point. d.a dividend. explain well all point of question.
- Indigo Corporation wants to transfer cash of $150,000 or property worth $150,000 to one of its shareholders, Linda, in a redemption transaction that will be treated as a qualifying stock redemption. If Indigo distributes property, the corporation will choose between two assets that are each worth $150,000 and are no longer needed in its business: Property A (basis of $75,000) and Property B (basis of $195,000). a. Compute Indigo’s recognized gain or loss if it distributes Property A in redemption of Linda’s shares. b. Compute Indigo’s recognized gain or loss if it distributes Property B in redemption of Linda’s shares. c. Compute Indigo’s recognized gain or loss if it sells Property B to an unrelated party and then distributes the sale proceeds in redemption of Linda’s shares.Required: (a) Reproduce and complete the following controlling and non-controlling interest table. Show your calculations. (b) What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd? (c) What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd?Required: i)Determine the gain for World Cruise Bhd. when it acquires Sunrise Cruise Bhd. (ii) World Cruise Bhd. is proposing to finance by cash the deal to purchase all of Sunrise Cruise Bhd.’s issued shares and is offering a premium of 25% over the market price of Sunrise Cruise Bhd.’s shares.Calculate the cost of acquisition of Sunrise Cruise Bhd. (iii) Suggest what should be recommended by Jack Pang to the Board of Directors on the proposed acquisition of Sunrise Cruise Bhd. and why Sunrise’s shareholders should accept the offer.
