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# Application of System of Two Equations

## Overview

"Suppose Bob owns 2,000 shares of Company X and 10,000 shares of Company Y.  The total value of Bob's holdings of these two companies is \$340,000.
Suppose Frank owns 8,000 shares of Company X and 6,000 shares of Company Y.  The total value of Franks holdings of these two companies is \$340,000.
a. Write equations for Bob and Frank's holdings.  Use the variables X and Y to represent the values of shares of Company X and Company Y.
b. Solve for the value of a share of Company X and Company Y.  Show your work so you can get partial credit even if your final answer is wrong.
"

Financial Consolidation Accounting

Crane Mechanics acquired 75 percent of Downey Enterprises on March 31, 2005, for \$3,645,000. Downey’s book value at that date totaled \$4,000,000. Appraisal values were greater than book values for identifiable assets in the following amounts: Inventory (\$300,000) and Plant and Equipment (\$700,000). The purchase differential for Inventory is to be…

Date release: May 15, 2013

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