Webb Company Purchased 90% of Jones Company for $990,000 When

question 47

Multiple Choice

Webb Company purchased 90% of Jones Company for $990,000 when the book value of Jones was $1,000,000. There was no premium paid by Webb. Jones currently has 100,000 shares outstanding and a book value of $1,200,000.Assume Jones issues 20,000 new shares of its common stock to outside parties for $15 per share.After acquiring the additional shares, what adjustment is needed for Webb's investment in Jones account?

• A) $270,000 increase.
• B) $270,000 decrease.
• C) $30,000 increase.
• D) $30,000 decrease.
• E) No adjustment is necessary.

Grasp the concepts of energy forms and their transformation.

Recognize the role and mechanism of enzymes in biological reactions.

Elucidate enzyme inhibition and regulatory mechanisms within metabolic pathways.

Understand the principles of thermodynamics as they apply to biology, including the laws and their implications for energy transfer and efficiency.

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Better Business Bureau

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