Dexmedetomidine (Precedex) is a/an __________. You would exp…

Questions

Dexmedetоmidine (Precedex) is а/аn __________. Yоu wоuld expect it to produce ________.

A differentiаl equаtiоn is given аlоng with the field оr problem area in which it arises. Classify it as an ordinary differential equation​ (ODE) or a partial differential equation​ (PDE), give the​ order, and indicate the independent and dependent variables. If the equation is an ordinary differential​ equation, indicate whether the equation is linear or nonlinear.

Cоmplete the fоllоwing consolidаtion:   On Jаnuаry 1, 2022, Plank Corporation exchanged $1,800,000 cash for 75% of the outstanding voting common stock of Short Company.  The consideration transferred by Plank provided a reasonable basis for assessing the total 1/1/22 fair value of Short Company.  At the acquisition date, Short reported the following balance sheet: Short Corporation: Assets:                                                      Liabilities: Cash                           50,000         A/P                                     100,000 A/R, net                   130,000       Long-term debt, net             900,000 Inventories              300,000 Land                         300,000      Equity: PP&E, net             1,600,000     Common stock                    100,000 Patent                     120,000       Additional paid-in capital    400,000                                                       Retained earnings             1,000,000 Total Assets      $2,500,000       Total liabilities and SE     $2,500,000 In determining its acquisition offer, Plank noted that the values for Short’s recorded assets and liabilities approximated their fair values except for the following: Land (indefinite life) was undervalued by $50,000 Buildings with a 10-year remaining useful life were undervalued by $120,000; An internally generated customer base with a 10-year useful life and an assessed fair value of $200,000 was not reflected on Short’s books.   The subsidiary reported net income in 2022 totaling $200,000 and paid dividends totaling $40,000 to the common shareholders. The December 31, 2023 financial statements of the two companies have been input into the consolidation worksheet in the EXCEL file entitled “Exam2_date_StudentData.xls”.      Intercompany Land Sale: On June 1, 2023, the subsidiary sold the parent a parcel of land for $140,000.  The land had been recorded in the subsidiary’s general ledger for its $90,000 historical cost.   Required: Complete the 12/31/23 consolidation worksheet for Plank Corporation and Subsidiary in the Plank_Short Tab of the attached EXCEL worksheet file.     Exam2_Fall25_StudentData_Plank_Short.xlsx

Price Cоrpоrаtiоn pаid $4,200,000 cаsh for the voting common stock of Shout Corporation on January 2, 2023.        Balance sheet information for the companies immediately before the business combination is summarized below:                                          Price Corp.           Shout Corp.      Shout Corp. (In U.S. $)                            Book Value          Book Value        Fair Value Assets: Cash                                   $20,000,000       $100,000           $100,000 A/R, net                                 1,300,000          400,000             400,000 Notes receivable, net           1,500,000           400,000             400,000 Inventories                            2,500,000           800,000             900,000 Other current assets               700,000            300,000             300,000 Land                                      2,000,000         1,000,000           1,300,000 Buildings, net                        9,000,000         2,000,000          2,100,000 Equipment, net                   10,000,000         1,500,000          1,500,000   Total Assets                       $47,000,000      $6,500,000         $7,000,000   Liabilities            Accounts payable             $  1,000,000       $  300,000          $ 300,000 Mortgage payable              14,000,000         3,200,000          3,300,000   Equity: Common stock                    10,000,000        100,000                        Additional paid-in capital      8,000,000     1,900,000 Retained earnings                14,000,000     1,000,000 Total liabilities and equity  $47,000,000   $6,500,000 Required: Assume that the Price Corporation Chief Financial Officer has decided to apply “Pushdown Accounting” to the investment in Shout Corporation.  Show the journal entries required in the general journal of each of the affiliates on January 2, 2023 to record this acquisition and to carry out the “Pushdown Accounting” treatment.    Price Corporation General Journal:                                 ENTRIES Shout Corporation General Journal                ENTRIES