1. Trident Corporation acquires Uvell Company’s assets and liabilities for $40,000,000 in cash. At the date of acquisition, Uvell’s balance sheet reported assets of $90,000,000 and liabilities of $82,000,000. Investigation reveals that Uvell’s buildings are overvalued by $6,000,000 and it has unreported liabilities valued at $5,000,000.  

What journal entry will Trident Corp record as a result of this acquisition?

2. An acquiring company pays $45 million in cash, and issues new no-par stock with a fair value of $75 million, to the acquired company’s former owners, for the assets and liabilities of the acquired company. Registration fees associated with the new stock issuance are $300,000, paid in cash. Consulting fees for the acquisition are $1 million, paid in cash. The fair value of the acquired company’s identifiable net assets is $65 million.

What entry does the acquiring company make to record the acquisition?

3. A company invests $300,000 in equity securities on November 30, 2019, and classifies them as investments with no significant influence. At December 31, 2019, the company’s year-end, the securities have a fair value of $310,000. On February 1, 2020, the company sells the securities for $295,000.

What is reported on the Balance Sheet and Income Statement regarding the securities for 2019 and 2020?

4. Precision Company acquires all of Springfield Company’s voting stock for $5,000,000 in cash. Information on Springfield's assets and liabilities at the date of acquisition is as follows:

Book Values

Current assets $ 500,000

Land, buildings and equipment (net) $2,000,000

Liabilities ($600,000)

Capital stock ($500,000)

Retained earnings ($1,400,000)

Fair Values

Current assets $700,000

Land, buildings and equipment (net) $3,500,000

Liabilities ($550,000)

Capital stock

Retained earnings

In addition, Springfield Company has unrecorded identifiable intangible assets, in the form of brand names and lease agreements, with a total estimated fair value of $400,000.

Prepare the eliminating entries

Bueno is a company in Mexico that produces T-shirts for domestic and international customers. Bueno wants to use the well-known design of a popular Disney character, Mickey Mouse, on its products. What advice would you give Bueno?

1. An epidemiologist presented information regarding the annual prevalence (number of cases per 1,000) of adolescent pregnancy to a local health planning board. The epidemiologist compared data for the local county with data for the United States as a whole. One of the members of the planning board objected that this comparison was not valid because the county is much smaller than the entire country. From an epidemiologic perspective, was the objection a valid one? Why or why not? (2 points) SHOW ALL WORK.

Sales forecast based on external data.  Raspberry Phones uses external data to forecast the coming​ year's sales. The company has 7.5 % of all​ new-phone sales in the United States and 5.6 % of all​ replacement-phone sales. Industry forecasts predict 18.9 million​ new-phone buyers and 31.8 million​ replacement-phone buyers in 2014. If the average Raspberry phone costs ​$84.05​, what sales revenues is the company forecasting for​ 2014?

Fossilized remains were discovered in a remote Cretaceous formation from Wyoming-Montana area of the United States. After carefully examining the bones, you see that the jaws are toothed and that the anterior limbs are modified for flight. You assume it is a tetrapod's fossils.  Determine whether this tetrapod is related phylogenetically to the subclass Archaeornithes, the Neornithes of the Aves or to the subclass Eutheria of the Mammalia. Describe the features of the fossils that allows you to make your determination while eliminating other possibilities.

1-A travel agent wants to estimate the proportion of vacationers who plan to travel outside the United States in the next 12 months. A random sample of 150 vacationers revealed that 45 had plans for foreign travel in that time frame. a)Suppose (at the 95% confidence level) you need to have a margin of error no more than 4 percentage points, but you have no estimate of ^p. How many vacationers would you have to sample?

A newspaper article summarized data from a survey of 1,260 pet owners. The article indicated that 72% of the pet owners celebrated their pet's birthday during the previous year. Assume that the sample is representative of the population of pet owners in the United States.

(a)

Use the given information to estimate the proportion of pet owners who have celebrated their pet's birthday in the past year using a 90% confidence interval. (Round your answers to three decimal places.)

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