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GreenPoint Credit Corp was a financial services company specializing in mortgage lending and related services. It primarily focused on providing home equity and subprime loans to borrowers who might not qualify for traditional financing. The company was known for its innovative lending practices but faced challenges during the subprime mortgage crisis of the late 2000s, which ultimately affected its operations and market position.

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1y ago

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CorpA buys CorpB for 1,5 mil with a loan of 1.2 mil and vendor note of 300kCorp B has a shareholder loan of 150k and forfeits it to Corp A1. What's the journal entry in Corp A2. Corp A and Corp B amalgamate, what's the amalgamation journal entry?

In Corp A's journal entry for acquiring Corp B, the entry would be as follows: Debit Assets (Corp B's assets) 1,500,000 Credit Loan Payable 1,200,000 Credit Vendor Note Payable 300,000 Once Corp B forfeits the shareholder loan of 150,000 to Corp A, Corp A will make an additional entry: Debit Shareholder Loan Expense 150,000 Credit Shareholder Loan Payable 150,000 Upon amalgamation, Corp A would combine the assets and liabilities of Corp B, resulting in: Debit Assets (total of Corp A and Corp B's assets) Credit Liabilities (total of Corp A and Corp B's liabilities) Credit Equity (to reflect any changes in ownership structure) The specific amounts would depend on the fair values of the assets and liabilities at the time of amalgamation.


Credit acceptance corp pay my bill?

Check


Is interest from credit cards tax deductible for a S-Corp?

yes


What services does the Credit Corp Group Limited offer?

The Credit Corp Group is a debt assistance organization. They can help customers manage their debts by finding an appropriate repayment solution. They also can consolidate multiple debts.


What auto dealers in Mississippi deal with credit acceptance corp?

Is there a dealership that uses credit acceptance in Olive branch Ms.?


Who took over Thor Credit Corp?

Thor Credit Corporation was a joint venture with General Electric Consumer Finance.


What auto dealers in Vermont use credit acceptance corp?

your vagina uses credit acceptance you d bag hahahaha


What is Credit Corp?

Credit Corp is an Australian financial services company specializing in debt purchasing and recovery. It primarily acquires and manages distressed consumer debts, helping creditors recover outstanding amounts. The company operates in various sectors, including personal loans and credit card debts, and has expanded its services to include credit reporting and financial services. Credit Corp aims to provide flexible repayment solutions for consumers while maximizing recovery for its clients.


What auto dealer in Delaware or Philadelphia deals with credit acceptance corp?

Carzone


What is the telephone number of Thor Credit Corp?

1-877-554-8467 is the phone number of Thor Credit Corp's loan processing center. You can press option 2 for their automated system that will tell you all about your loan. Derek


What auto dealers use credit acceptance corp in Indiana?

Payton place, clinton IN


Can a corporation approve an American Express Corp card for an employee even if the have bad credit?

yes

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