REFERENCE: Ref.03_14 Jaynes Inc.obtained All of Aaron Co.'s Common Stock on January

question 63

Essay

REFERENCE: Ref.03_14
Jaynes Inc.obtained all of Aaron Co.'s common stock on January 1,2009,by issuing 11,000 shares of $1 par value common stock.Jaynes' shares had a $17 per share fair value.On that date,Aaron reported a net book value of $120,000.However,its equipment (with a five-year remaining life)was undervalued by $6,000 in the company's accounting records.Any excess of consideration transferred over fair value of assets and liabilities is assigned to an unrecorded patent to be amortized over ten years.
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-If this combination is viewed as an acquisition,what balance would Jaynes' Investment in Aaron Co.account have shown on December 31,2010,when the equity method was applied?

Familiarize with the phenomenon of basking in reflected glory and similar self-enhancement strategies.

Comprehend the anxiety-buffer role of self-esteem in managing existential threats.

Understand the motives behind self-presentational strategies and their applications in social interactions.

Distinguish between various approaches to self-compassion and its significance.

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Definitions:

Intranet

A private network accessible only to an organization's staff, often containing company-specific tools and resources.

Transport Layer Security

A cryptographic protocol designed to provide secure communication over a computer network.

Credit Card

A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services based on the cardholder's promise to pay for them.

Whitelisting

A process in which a company identifies acceptable software and permits it to run, and either prevents anything else from running or lets new software run in a quarantined environment until the company can verify its validity.