Prior to the merger, Glassons has $1,250 in total earnings with 750 shares outstanding at a market price per share of $42. Country Road has $740 in total earnings with 220 shares outstanding at $18 per share. Assume Glassons acquires Country Road via an exchange of stock at a price of $20 for each share of Country Road's stock. Both Glassons and Country Road have no debt outstanding. What will the earnings per share of Glassons be after the merger?

Q: Prepare appropriate consolidation entries for 2021

A: Consolidated statements are prepared when one company acquires another company by buying more than…

Q: Data for Henry Company and Mayer Services are given in the following​ table : Item Henry Company…

A: PE ratio is the ratio of that shows how many times of earnings the price is currently trading.  It…

Q: CBA Corp. is worth $15 million as a stand-alone firm. ABC Corp. has offered 350,000 shares valued at…

A: Given information: Value of CBA Corp. - $15 million ABC corp. offered - 350,000 shares Price of…

Q: On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the…

A: solution given Number of ABC co’s share 60000 Par value per share 40 Fair value of…

Q: Prior to being united in a business combination, Atkins, Inc., and Waterson Corporation had the…

A: Given information is: Prior to being united in a business combination, Atkins, Inc., and Waterson…

Q: If the transaction is using 100% of Acquiring Co.'s stock, the exchange ratio is The number of new…

A: Acquiring Company is considering the acquisition of Target Company in which Target Company would…

Q: XYZ Company merged into UUU Company on July 1, 2021. In exchange for the net assets at fair market…

A: Printing Cost of Stock Certificates = Printing Cost of Stock Certificates of XYZ Company + Printing…

Q: Data for Henry Company and Mayer Services are given in the following table. Henry Company is…

A: Answer a Ratio of exchange in market price= [$45*1.25]/$50= 1.125 Answer b Henry Company EPS=…

Q: Marla's Cafe is attempting to acquire the Victory Club. Certain financial data on these corporations…

A: The earnings per share can be calculated as follows : Earnings per share = Net income for…

Q: Prior to being united in a business combination, Big Inc. and Little Inc. had the following…

A: CONSOLIDATED ADDITIONAL PAID IN CAPITAL : COMPANY (BIG) SELLS 51,000 COMMON STOCK VALUED AT $1 AT…

Q: Data for Henry Company and Mayer Services are given in the following​ table : Item Henry Company…

A: Calculation of EPS for Henry Company: EPS (Henry) = Earnings available for common stockNumber of…

Q: Presented below are two independent situations: (a) Sandhill Inc. acquired 10% of the 420,000…

A: Whenever a company invests in another company and as a result, obtains significant influence in the…

Q: On December 31, 2022, Saxe Corp. was merged into Poe Corp. In the business combination, Poe issued…

A: Total Equity=Existing Share Value+New Share Value+Retained Earnings-Acquisition Costs

Q: Warehouse Stationary is planning on merging with Whitcoulls. Warehouse's will pay Whitcoulls's…

A: Current price is the market price of the company prevailing in the stock exchange. For the purpose…

Q: CARBS Company merged into CREATIN Company on July 1, 2021. In exchange for the net assets at fair…

A: The explanation for expenses not being considered:

Q: n January 1, 2018, PNB and Allied Bank entered into a contract of merger wherein PNB will issue…

A: Solution Concept There is a goodwill in business combination when , purchase price is greater than…

Q: Man merged with San Corporation in a business combination in which San issued 30,000 shares of its…

A: Merger means where two or more companies comes together and one company merge into another company…

Q: On January 15 of the current year, Thomas Company purchased 2,800 shares of Dillon Company at a…

A: The income ( loss ) is the difference between the total sales price and the total cost of the…

Q: SafeData Corporation has the following account balances and respective fair values on June…

A: As you posted many sub parts in questions we are answering the First 3 sub parts only. Kindly repost…

Q: M’s Club is attempting to acquire the V’s Club. Certain financial data on these corporations are…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: On January 1, NewTune Company exchanges 17,049 shares of its common stock for all of the outstanding…

A: A balance sheet refers to a written statement of a company prepared at the end of the accounting…

Q: Subsidiary Company was merged with Parent Corporation on December 31, 2021. In the business…

A: Retained earnings immediately after the combination is P4,035,000. Explanation:

Q: Data for Henry Company and Mayer Services are given in the following table. Henry Company is…

A: Answer : The formula for calculating the Ratio of exchange in Market price :   Exchange ratio =…

Q: On January 1, NewTune Company exchanges 19,633 shares of its common stock for all of the outstanding…

A: Consolidation refers to the acquisition of many small companies by one company by obtaining the…

Q: XYZ Company merged into UUU Company on July 1, 2021. In exchange for the net assets at fair market…

A: Given information that, XYZ Company is merged into UUU Company on July 1, 2021. There are some out…

Q: erged into UUU Company on July 1, 2021. In exchange for the net assets at fair market value of XYZ…

A: Given:  The fair market value of XYZ Company amounting to P696,450, UUU, issued 68,000 ordinary…

Q: Choose the correct. Arcola, Inc., acquires all 40,000 shares of Tuscola Company for $725,000. A year…

A: Answer:   Option c.

Q: XYZ Company merged into UUU Company on July 1, 2021. In exchange for the net assets at fair market…

A: In a business combination, the acquisition-related cost is recognized in the profit and loss account…

Q: On January 1, NewTune Company exchanges 16,329 shares of its common stock for all of the outstanding…

A: A balance sheet is a representation of an individual's personal or corporation's financial balances…

Q: On June 1, 2018, Wildhorse Company and Sheffield Company merged to form Tamarisk Inc. A total of…

A: Earnings per share:- It is calculated company's net profit available for common shareholders by the…

Q: Pearl, Incorporated, has offered $197 million cash for all of the common stock in Jam Corporation.…

A: Cash offer for Jam Corporation = $ 197 million Market value of Jam Corporation = $ 178 million

Q: Two weeks ago, Universal Holdings Inc. and Marston Manufacturing Company agreed to a merger in which…

A: Earnings per share  Businesses all across the world are there to make money and increase shareholder…

Q: On December 31, 2006, Alpha Corporation issued 18,000 shares of its Br 2 par (current fair value of…

A: As per paragraph 8 of IFRS 3, the acquirer shall identify the acquisition date, which is the dateon…

Q: ged into UUU Company on July 1, 2021. In exchange for the net assets at fair market value of XYZ…

A: Out of Pocket which are not specifically related to Issue of Shares against the fair value of net…

Q: se the following information for the next five questions:On January 1, 2021, ABC Co. acquired all of…

A: solution given Number of ABC co’s share 60000 Par value per share 40 Fair value of…

Q: On January 1, 2015, Wells Corporation acquires 8,000 shares of Towne Company stock and 18,000 shares…

A: Simple equity method: Under this method investment made by the entities are recorded at historical…

Q: On January 1, NewTune Company exchanges 15,000 shares of its common stock for all of the outstanding…

A: The following computations are done to account for the consolidation of New Tune Co. and On-the Go…

Q: The following book and fair values were available for Westmont Company as of March 1.Arturo Company…

A: Journal entries are the transactions that are recorded in the primary book. They are chronological…

Q: Pete Corporation and Sol Company agreed to combine their businesses, with Pete Corporation as the…

A:

Q: XYZ Company merged into UUU Company on July 1, 2021. In exchange for the net assets at fair market…

A: Goodwill is the extra consideration paid over and above the actual worth of the net assets of the…

Q: Sounds Co. had 200,000 shares outstanding during 20x1. On April 1, 20x2, Sounds acquired 30,000…

A: Earnings per share are the amount that the shareholders receive for each share they possessed from…

Q: Prior to being united in a business combination, Atkins, Inc., and Waterson Corporation had the…

A: The business combination is a method by which two or more companies are amalgamate and form a new…

Q: On June 1, 2018, Larkspur Company and Cullumber Company merged to form Riverbed Inc. A total of…

A: Answer a 1) Basic earnings per share = 1277250 2) Diluted earnings per share =1288650

Q: On 1 July 2015, Ausra purchased 75% of Danute by way of a share exchange of two new shares in Ausra…

A: Statement of comprehensive income is the statement that included net income, unrealized incomes,…

Q: Winsor Inc. recently purchased Holiday Corp., a large midwestern home painting corporation. One of…

A: Given information is: Winsor Inc. recently purchased Holiday Corp., a large midwestern home painting…

Q: What is the amount of total assets of PNB on January 1, 2018 after the merger?

A: The answer for the multiple choice question and relevant working are presented hereunder : As of…

Q: Parker, Inc., acquires 70 percent of Sawyer Company for $420,000. The remaining 30 percent of…

A: Definition:   Consolidated financial statements: These financial statements are consolidated…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.