The Following Are Preliminary Financial Statements for Black Co

question 31

Essay

The following are preliminary financial statements for Black Co. and Blue Co. for the year ending December 31, 2013. On December 31, 2013 (subsequent to the preceding statements), Black exchanged 10,000 shares of its $10 par value common stock for all of the outstanding shares of Blue. Black's stock on that date has a fair value of $50 per share. Black was willing to issue 10,000 shares of stock because Blue's land was appraised at $204,000. Black also paid $14,000 to several attorneys and accountants who assisted in creating this combination.
Required:
Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2013.

Distinguish between different types of goods, services, and project estimates.

Understand the role of synchronous and asynchronous communication in projects.

Grasp the concept of vendor roles and the necessity of project reserves.

Explain the impact of organization type on project management and the significance of milestone schedules.

---

Definitions:

Adaptive

Describes the ability of an organism or system to adjust to changes in its environment or to cope with disturbances.

Humor

A quality of being amusing or entertaining, often expressed through jokes, comedy, or playful behavior.

Catastrophic Thinking

An irrational thought pattern where one assumes the worst possible outcome will occur, often seen in anxiety and depression.

Rational Analysis

The process of evaluating problems and making decisions based on logical reasoning and factual evidence.