![]() Prepare the consolidated balance sheet on the acquisition date include a column for consolidating adjustments. $ 265,000 ‾ \text $620,000 $Īt the time of Gem's investment, the fair values of Al pine's assets and liabilities were equal to their book values. It usually directs one to think as being the fittest as the strongest, most intelligent, and the biggest but in reality it means being self-sufficient and surviving and being able to reproduce in an environment. ![]() Balance sheets of the two companies immediately after the acquisition were as follows: Survival of the fittest refers to the process of natural selection, which drives evolutionary change. b. On January 1, 2016, Gem Company purchased for $392,000 cash a 70% stock interest in Alpine, Inc., which then had common stock of$420,000 and retained earnings of $140,000. Study with Quizlet and memorize flashcards containing terms like How did the development of nation-states contribute to the spread of imperialism a.Imperialism allowed new nation-states to compete with large, established empires like Austria-Hungary and the Ottoman Empire.
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