follows: Acquisition cost $ 8‚000‚000 Book value of Safeco (7‚000‚000) Excess of acquisition cost over book value 1‚000‚000 Fair value less book value: Equipment $ 500‚000 Inventory 200‚000 (700‚000) Goodwill $ 300‚000 Consolidation working paper eliminating entries for 2014: (C) Equity in net income of Safeco 1‚250‚000 Dividends – Safeco 600‚000 Investment in Safeco 650‚000 (E) Stockholders’ equity—Safeco‚ 1/1 7‚000‚000 Investment in Safeco 7‚000‚000 (R)
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industry has been changing profoundly in the last decade. Intensive globalization‚ increased competitiveness and the fight for global market shares create new challenges for pharmaceutical companies. Fast globalization definitively reinforces the consolidation of the world pharmaceutical industry. Alliancing in forms of mergers and acquisitions prevail more and more as a strategic orientation for the world pharmaceutical companies. By alliancing‚ they tend to create strategic synergies in an endeavour
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ROBERT MONDAVI AND THE WINE INDUSTRY CASE ANALYSIS by Alberto Vicentelli Global wine industry structure. How and why is this structure changing? Production and consumption of wine was mostly localized until the early 1990’s. Wine producers in different countries were traditionally isolated from each other‚ and most of the world’s wine drinkers consumed either local wines or imports from nearby producers. Winemakers had minimal cross-border interaction and followed local traditions. The wine
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Running Head: CONSOLIDATING SCHOOLS Overcoming Obstacles to Consolidate Schools Lisa Ballerini University of Michigan – Flint Overcoming Obstacles to Consolidate Schools If America’s Schools are to meet the needs of the twenty first century‚ they must be reinvented. It is not enough to try to fix the schools; they must be reconstructed in both fundamental and radical ways. The school system must be restructured. The future of the American public school system is significant because
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as a team that includes a description of what you will look for to see if the client is consistent with the generally accepted accounting principles (GAAP). Pay particular attention to accounting treatment of share-based payment and accounting consolidation theory as it relates to special purpose entities. Keep the memo as brief as possible while fully exploring the issues. Format your paper consistent with APA guidelines‚ including appropriate citations and references. Run your paper through
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a decision is made on the best type of warehousing that should be adopted by the company. System consolidation for the Westminster Company would result in easy gain of economies of transportation. This is because it would be easy to gather truckloads to and from the centers of distribution. This will lower both the customer freight as well as the transfer costs. The effects of warehouse consolidation have some great impacts on the costs of transportation. Firstly‚ it would reduce the inventory carrying
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FA4 — Module summaries Module 1 summary This module summarizes and explains the foundation of international financial reporting standards (IFRS). It also examines the nature of financial instruments and how the method of accounting for them varies based on their nature. Describe the development of international financial reporting standards (IFRS)‚ and discuss the reasons and processes followed by the AcSB for the adoption of international accounting standards in Canada. The global acceptance
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Executive Summary Cerveceria Modelo S.A. was formed in 1992 focusing on Mexico City’s and surrounding areas’ markets. Its first beer was Modelo followed by Corona. It then started exporting its beers to the US. Corona has become very popular and was positioned as premium import. It got the first rank in imported beer in the US. However‚ its rivals‚ domestically and internationally‚ didn’t let it pass so easily. They reacted quite intensely. Modelo lost the first place position in its local market
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Australia is a highly urbanised country where over 85% of the population live in cities and large towns. These urban centres are subject to urban growth and decline‚ which are largely due to a number of socioeconomic factors. One of these centres‚ the Pyrmont-Ultimo area in Sydney‚ had experienced such changes over the last century. Situated on a peninsula to the west of Sydney’s CBD and Darling Harbour‚ the inner suburb is a manmade environment used for service and residential use. In the 19th
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Operations M3 Criteria M3: Explain ways of maximising the profitability of the planned package holiday. For M3‚ learners must explain‚ with specific examples‚ ways in which profitability could be maximized. Aspects such as methods of contracting‚ consolidations‚ currency exchange‚ cancellation charge and commission must now be applied specifically to the planned tour‚ with explanations to show how they could contribute to its profitability. Methods of contracting- Like any tour operator I need to
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