. net income 84 ,000 Net equipment $32,400 32,400 Less drawings (76,000) Capital: Dec 31 1 08, 000 Total assets $1 48, 000 Liabilities and equity $1 48, 000 Let’s. net income 84 ,000 Net equipment $32,400 32,400 Less drawings (76,000) Capital: Dec 31 1 08, 000 Total assets $1 48, 000 Liabilities and equity $1 48, 000 Now
. (SOP), SOP 98- 1 and 98- 5, produced most of the accounting changes in 19 98. Statements of position are issued by the AICPA and are considered part of the. goodwill — — 417 ,84 9 Change in operating assets and liabilities: Accounts receivable (353,113) ( 48, 451) 586 ,424 Inventory 115,740 (410,476) 162 ,86 2 Other current
. company. SOURCE : Mergers & Acquisitions, September 2000. 1 981 1 983 1 985 1 987 1 989 1991 1993 1995 1997 1999 Year Number of deals Value (billions) Number. Inc. 18. 9 1995 AirTouch Communications US West Inc. 13.5 1996 Walt Disney Co. Capital Cities/ABC Inc. 18. 9 1997 Bell Atlantic Corp. NYNEX Corp. 21.3 19 98 Travelers
. such industries can be particularly problematic because key employees will depart for better work- ing conditions. The attempted 19 98 merger between Computer. a brilliant move on Mercedes-Benz’s part. ”* The stock market agreed as the two companies’ shares rose by a combined $8. 6 bil- lion at the announcement.