On January 3, 20X5, Pleat Company acquired 80 percent of Sti…
On January 3, 20X5, Pleat Company acquired 80 percent of Stitch Corporation’s common stock for $344,000 in cash. At the acquisition date, the book values and fair values of Stitch’s assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Stitch. The stockholders’ equity accounts of the two companies at the acquisition date are: Pleat Stitch Common Stock ($5 par value) $ 500,000 $ 200,000 Additional Paid-In Capital 300,000 80,000 Retained Earnings 350,000 150,000 Total Stockholders’ Equity $ 1,150,000 $ 430,000 Noncontrolling interest was assigned income of $11,000 in Pleat’s consolidated income statement for 20X5. Based on the preceding information, what is the total stockholders’ equity in the consolidated balance sheet as of January 3, 20X5?
Read DetailsToby is launching a new fitness app that uses 3D tech to mea…
Toby is launching a new fitness app that uses 3D tech to measure progress. He’s done a 5Cs analysis and has a lot of information that he plans to use to drive the marketing strategy, but he’s trying to identify the insight that he can use to catapult his business. Which of the below statements is most likely an insight instead of a fact or understanding?
Read DetailsGabriel is a marketing manager for YETI coolers and has just…
Gabriel is a marketing manager for YETI coolers and has just launched a new advertising campaign to generate more sales among its core customers by showing them new ways to use the cooler. Which strategy is Gabriel using on Ansoff’s Growth Matrix / Diversification Analysis?
Read DetailsGarmin was once the gold standard for GPS devices, but due t…
Garmin was once the gold standard for GPS devices, but due to poor environmental scanning Garmin missed the trend around digital convergence and got passed up by GPS apps like Waze. This is an example of which force of environmental scanning?
Read DetailsNike is launching a new sweat band head lamp that athletes c…
Nike is launching a new sweat band head lamp that athletes can use while running. This product is a new idea in the industry, but Nike believes that if they successfully demonstrate the need for this type of product that many runners would buy it. Nike reviews the purchase decision process and decides to launch a promotion to support the launch. Which tactic do you think would best help them launch the product?
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