The Following Data Pertains to Questions

question 31

Short Answer

The following data pertains to questions
Parent and Sub Inc had the following balance sheets on July 31,2006: Yours Inc's Book Values were equal to their Fair Values on the date of acquisition,with the exception of Yours' Plant and Equipment,which was worth $100,000.
-Assume that Mine Inc issued 10,000 shares for all of Yours Inc's Common Shares.Mine Inc's shares had a fair market value of $15 per share on that date.What entry would be made on Mine Inc's book on that date?

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Definitions:

Triceps Brachii

A large muscle on the back of the upper arm responsible for extension of the elbow joint.

Push-Ups

A bodyweight exercise performed by raising and lowering the body using the arms, targeting muscles in the upper body and core.

Supraspinatus

A muscle located in the shoulder, part of the rotator cuff group, aiding in arm lifting and rotation.

Gastrocnemius

A major calf muscle involved in walking, jumping, and running, contributing to the movement of the ankle and knee.