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On January 1, 2021, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To acquire these shares, Moody issued $400 in long-term liabilities and also issued 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition. Another $15 was paid in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows:     Moody   Osorio Cash $ 180     $ 40   Receivables   810       180   Inventories   1,080       280   Land   600       360   Buildings (net)   1,260       440   Equipment (net)   480       100   Accounts payable   (450 )     (80 ) Long-term liabilities   (1,290 )     (400 ) Common stock ($1 par)   (330 )         Common stock ($20 par)           (240 ) Additional paid-in capital   (1,080 )     (340 ) Retained earnings   (1,260 )     (340 )   Note: Parentheses indicate a credit balance.In Moody’s appraisal of Osorio, three assets were deemed to be undervalued on the subsidiary’s books: Inventory by $10, Land by $40, and Buildings by $60.What is the amount of goodwill arising from this acquisition?                         A)    $230.                   B)    $120.            C)    $520.            D)    None. There is a gain on bargain purchase of $230.            E)    None. There is a gain on bargain purchase of $265.

Mrs. Fletcher complains of pain in her fingers  of her hands. On examination, you note erythematous, edematous, and painful boutinnaire nodules. You document that she is having an exacerbation of her….

You must show your work here to receive full credit (at least provide an outline of key steps). A sample of an ideal gas has a volume of 4.50 L at 4.50oC and 4.50 atm.  What is its volume when temperature and pressure are changed to 0.00oC and 1.00 atm? Mark your answer next to words “Final answer is”. You must follow significant figure rules. 

All of the following statements regarding the investment account using the equity method are true except:

On January 3, 2021, Madison Corp. purchased 30% of the voting common stock of Huntsville Co., paying $3,000,000. Madison decided to use the equity method to account for this investment. At the time of the investment, Huntsville’s total stockholders’ equity was $8,000,000. Madison gathered the following information about Huntsville’s assets and liabilities:     Book Value Fair Value Buildings (10-year life) $ 400,000   $ 600,000   Equipment (5-year life)   1,200,000     1,400,000   Franchises (8-year life) $ 0   $ 480,000     For all other assets and liabilities, book value and fair value were equal. Any excess of cost over fair value was attributed to goodwill, which has not been impaired.What is the amount of goodwill associated with the investment?                         A)    $600,000.                        B)    $264,000.            C)    $0.            D)    $336,000.            E)    $480,000.

In assessing murmurs, it is important to be able to document your findings. You come across documentation that states the murmur was found in the 5th ICS, timing of diastole with radiation to axilla. You would interpret this information to be what type of murmur:

            On January 1, 2020, Barber Corp. paid $1,160,000 to acquire Thompson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders’ equity accounts on January 1, 2020:     Book Value Fair Value Current assets $ 130,000   $ 130,000   Land   75,000     193,000   Building (twenty year life)   250,000     276,000   Equipment (ten year life)   540,000     518,000   Current liabilities   26,000     26,000   Long-term liabilities   124,000     124,000   Common stock   233,000         Additional paid-in capital   389,000         Retained earnings   223,000           Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.The 2020 total excess amortization of fair-value allocations is calculated to be                         A)    ($2,200).             B)    ($900).            C)    $(1,300).            D)    $(2,100).            E)    $3,500.

Prior to being united in a business combination, Taunton Inc. and Eubanks Corp. had the following stockholders’ equity figures:     Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital   120,000   30,000 Retained earnings   370,000   14,000   Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks?               A)    $62,000.              B)    $108,000.            C)    $170,500.            D)    $201,500.            E)    $234,000.             

Which area of the fundus is the central focal point for incoming images?

Vaughn Inc. acquired all of the outstanding common stock of Roberts Co. on January 1, 2020, for $276,000. Annual amortization of $21,000 resulted from this acquisition. Vaughn reported net income of $80,000 in 2020 and $60,000 in 2021 and paid $24,000 in dividends each year. Roberts reported net income of $50,000 in 2020 and $57,000 in 2021 and paid $12,000 in dividends each year. What is the Investment in Roberts Co. balance on Vaughn’s books as of December 31, 2021, if the equity method has been applied?