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

question 31

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Balance sheet information for Sphinx Company at January 1,2013,is summarized as follows:
$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 common: \quad\quad\quad $28.00 Sphinx common: \quad\quad\quad $19.50 Pyramid pays the following fees and costs in connection with the combination: Required: 1.Calculate Pyramid's investment cost of Sphinx Corporation. 2.Calculate any goodwill from the business combination.$ Sphinx's assets and liabilities are fairly valued except for plant assets that are undervalued by $50,000.On January 2,2013,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 common: $\quad$ $\quad$ $\quad$ $28.00
Sphinx common: $\quad$ $\quad$ $\quad$ $19.50 Pyramid pays the following fees and costs in connection with the combination:
$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 common: \quad\quad\quad $28.00 Sphinx common: \quad\quad\quad $19.50 Pyramid pays the following fees and costs in connection with the combination: Required: 1.Calculate Pyramid's investment cost of Sphinx Corporation. 2.Calculate any goodwill from the business combination.$ Required:
1.Calculate Pyramid's investment cost of Sphinx Corporation.
2.Calculate any goodwill from the business combination.

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

Definitions:

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