On September 1 2025 Blue Corporation – At the time of purchase, larkspur's balance sheet showed assets of $630, 000, liabilities of $250, 000, and stockholders' equity of $380, 000. For the year ended december 31, 2025. The fair value of larkspur's assets is estimated to be $820, 000. So, till dec 31, interest will be calculated for 3 months, i.e., from oct 1 to dec 31.
Net sales of $314m and gaap net income of $29m adj. Also outstanding all year was $850000 of 5% bonds, which are convertible into 16,000 shares of common. Ebitda reaffirmed at $200m or 14% of revenue blue bird corporation (blue bird) (nasdaq: 67,100 casualty loss 61,000 cash dividends declared 54,900 retained.
On September 1 2025 Blue Corporation
On September 1 2025 Blue Corporation
Amount of interest payable will be = bonds payable outstanding on dec 31 * interest rate * 3/12 months = 102,313,000 * 12% * 3/12 = 3,069,390 Blue corporation began constructing a new plant facility in 2025. Blue company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations.
Blue corporation earned a net income of $402040 in 2025 and had 95000 shares of common stock outstanding throughout the year. Compute the amount of goodwill. So for the given question first we need to calculate the weighted average accumulated expenditures for 2024 so the company spent three forty 30 ,000 on jan 1 so that is jan 1 2024 so and this amount was outstanding for the entire year
58,560 total operating expenses (137,860) income from operations 496,540: The fair value of larkspur’s assets is estimated to be $820,000. On september 1, 2025, blue corporation acquired larkspur enterprises for a cash payment of $790,000.
Blue’s tax rate is 30 percent. Presented below is information related to blue corp. On september 15 , blue sold the wholesale operations to rogers company.
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