Chicago Bank and Trust and First United Bank merge on January 1, 2014. Before the merger transaction, the balance sheets of the two companies are as follows:(in millions) Chicago Bank & Trust First United BankAssets $2,950 $1,450Liabilities $1,275 $ 825Common Stock ($1 par value) $ 150 $100Additional paid-in capital $ 225 $125Retained earnings $1,300 $400Total Liabilities & equities $ 2,950 $1,450Chicago Bank and Trust issues 75,000 shares of its common stock with a market value of $885 million to the owners of First United Bank in return for all of their shares of First United common stock. The assets of Frist United have a market value in excess of book value of $29 million.The consolidated balance sheet of Chicago Bank and Trust at January 1, 2014 would report goodwill of:a) $0 (no goodwill)b) $260 millionc) $231 milliond) $400 millione) none of the above
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more