The Financial Statements for Jode Inc

question 74

Essay

The financial statements for Jode Inc. and Lakely Corp., just prior to their combination, for the year ending December 31, 2012, follow. Lakely's buildings were undervalued on its financial records by $60,000. On December 31, 2012, Jode issued 54,000 new shares of its $10 par value stock in exchange for all the outstanding shares of Lakely. Jode's shares had a fair value on that date of $35 per share. Jode paid $34,000 to an investment bank for assisting in the arrangements. Jode also paid $24,000 in stock issuance costs to effect the acquisition of Lakely. Lakely will retain its incorporation.
Prepare the journal entries to record (1) the issuance of stock by Jode and (2) the payment of the combination costs.

Identify and differentiate the characteristics and buying behaviors of B2B markets compared to B2C markets.

Describe the roles within a buying center and the importance of each in the B2B purchasing process.

Distinguish between different B2B buying situations: new buy, straight rebuy, and modified rebuy.

Understand the concept of an evoked set in consumer decision-making.

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Definitions:

Mental Health Professions

A cluster of professions in the health care sector focusing on the diagnosis, treatment, and prevention of mental health disorders and the promotion of psychological well-being.

Social Work

A professional field focused on helping individuals, families, and communities to cope with and solve social problems.

Female Psychiatrists

Psychiatrists who identify as female; professionals in the field of psychiatry that diagnose and treat mental health disorders.

Social Media Sites

digital platforms that facilitate the creation and sharing of information, ideas, personal messages, and other content via networks and virtual communities.