Telecom Inc has decided to purchase the net assets of Intron Inc. for $300, 000 in cash on July 1, 2019. On the date, the balance sheets of each of these companies were as follows:
Cash and Short-Term Securities Inventory Plant and Equipment (net) Total Assets Current Liabilities Bonds Payable Common Shares Retained Earnings Total Liabilities and Equity Telecom Inc $920,000$150,000$330,000$1,400,000$420,000$700,000$180,000$100,000$1,400,000 Intron Inc $200,000$20,000$180,000$400,000$90,000$200,000$60,000$50,000$400,000 On that date, the fair values of Intron's assets and liabilities were as follows:
Cash/Short-Term Securities Inventory Plant and Equipment (net) Current Liabilities Bonds Payable $200,000$15,000$250,000$90,000$210,000 Required:
Prepare the journal entry to record this purchase.
Know the importance of consistent, genuine communication in building therapeutic relationships.
Understand the termination phase of the nurse-patient relationship and the criteria for its successful completion.
Understand the relationship between stress and physical illness.
Identify strategies for managing stress and its effects on health.
Definitions:
Hypnosis
A state of consciousness involving focused attention and reduced peripheral awareness characterized by an enhanced capacity for response to suggestion.
Mindfulness-Meditation
A practice that involves paying full attention to the present moment, often as a technique to reduce stress and enhance well-being.
Using Drugs
The act of consuming substances, which can range from prescription medications to illegal narcotics, for various purposes.
Relapses
A return to a previous state of illness or negative behavior after a period of improvement or recovery.