On January 1, 2011, Rand Corp

question 71

Essay

On January 1, 2011, Rand Corp. issued shares of its common stock to acquire all of the outstanding common stock of Spaulding Inc. Spaulding's book value was only $140,000 at the time, but Rand issued 12,000 shares having a par value of $1 per share and a fair value of $20 per share. Rand was willing to convey these shares because it felt that buildings (ten-year life) were undervalued on Spaulding's records by $60,000 while equipment (five-year life) was undervalued by $25,000. Any consideration transferred over fair value of identified net assets acquired is assigned to goodwill.
Following are the individual financial records for these two companies for the year ended December 31, 2014.
Required:
Prepare a consolidation worksheet for this business combination.

Identify and apply strategies for conflict resolution and negotiation.

Understand the processes and steps involved in grievance procedures.

Describe the characteristics and management of difficult people in the workplace.

Recognize the role of cognitive and emotional intelligence in managing workplace relationships.

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Definitions:

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The first visit or consultation for a new condition in the medical setting.

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