Balance Sheet Information for Sphinx Company at January 1,2013,is Summarized

question 15

Essay

Balance sheet information for Sphinx Company at January 1,2013,is summarized as follows:
Sphinx's assets and liabilities are fairly valued except for plant assets that are undervalued by $50,000.On January 2,2013,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.

Know the significant events that led to the advocacy for an eight-hour workday.

Distinguish between various forms of strikes and their strategic purposes.

Grasp the structure and strategy behind labor federation and union representation.

Analyze the impact of management philosophies on labor practices.

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Definitions:

Major Organic Product

The primary product of a chemical reaction involving organic compounds, typically the one produced in the greatest yield.

Stepwise Mechanism

A reaction mechanism that occurs in multiple discrete stages, with each step having its own transition state and intermediates.

Approximate pKa

An estimate of the pKa value, indicative of the acid dissociation constant of a molecule, reflecting its acidity strength.

Acetone

A volatile, flammable, and colorless liquid commonly used as a solvent and in the production of chemicals.