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Balance Sheet Information for Sphinx Company at January 1,2011,is Summarized

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Balance sheet information for Sphinx Company at January 1,2011,is summarized as follows:
Balance sheet information for Sphinx Company at January 1,2011,is summarized as follows:    Sphinx's assets and liabilities are fairly valued except for plant assets that are undervalued by $50,000.On January 2,2011,Pyramid Corporation issues 20,000 shares of its $10 par value common stock for all of Sphinx's net assets and Sphinx is dissolved.Market quotations for the two stocks on this date are:    Pyramid pays the following fees and costs in connection with the combination:    Required: 1.Calculate Pyramid's investment cost of Sphinx Corporation. 2.Calculate any goodwill from the business combination. Sphinx's assets and liabilities are fairly valued except for plant assets that are undervalued by $50,000.On January 2,2011,Pyramid Corporation issues 20,000 shares of its $10 par value common stock for all of Sphinx's net assets and Sphinx is dissolved.Market quotations for the two stocks on this date are:
Balance sheet information for Sphinx Company at January 1,2011,is summarized as follows:    Sphinx's assets and liabilities are fairly valued except for plant assets that are undervalued by $50,000.On January 2,2011,Pyramid Corporation issues 20,000 shares of its $10 par value common stock for all of Sphinx's net assets and Sphinx is dissolved.Market quotations for the two stocks on this date are:    Pyramid pays the following fees and costs in connection with the combination:    Required: 1.Calculate Pyramid's investment cost of Sphinx Corporation. 2.Calculate any goodwill from the business combination. Pyramid pays the following fees and costs in connection with the combination:
Balance sheet information for Sphinx Company at January 1,2011,is summarized as follows:    Sphinx's assets and liabilities are fairly valued except for plant assets that are undervalued by $50,000.On January 2,2011,Pyramid Corporation issues 20,000 shares of its $10 par value common stock for all of Sphinx's net assets and Sphinx is dissolved.Market quotations for the two stocks on this date are:    Pyramid pays the following fees and costs in connection with the combination:    Required: 1.Calculate Pyramid's investment cost of Sphinx Corporation. 2.Calculate any goodwill from the business combination. Required:
1.Calculate Pyramid's investment cost of Sphinx Corporation.
2.Calculate any goodwill from the business combination.

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