Answer:$370000
TruData Common Stock before acquisition = 318000
Common Stock issued par value (10400 x 5) = 52000
Acquisition Consolidated balance sheet = 370000
TruData Webstat Book Values Webstat Fair Values Book Values $ (256,800) 198,e00 (138,000) 152,000 Revenues (1/1...
Required information [The following information applies to the questions displayed below.) On July 1, TruData Company issues 11,200 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net)...
On July 1, TruData Company issues 12,600 shares of its common stock with a $5 par value and a $35 fair value in exchange for all of Webstat Company’s outstanding voting shares. Webstat’s precombination book and fair values are shown below along with book values for TruData’s accounts. TruData Webstat Webstat Book Values Book Values Fair Values Revenues (1/1 to 7/1) $ (320,600 ) $ (142,000 ) Expenses (1/1 to 7/1) 164,000 98,000 Retained earnings, 1/1 (134,000 ) (170,000 )...
[The following information applies to the questions displayed below.) On July 1, TruData Company issues 11,200 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values $ Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net) Land...
Required information [The following information applies to the questions displayed below.) On July 1, TruData Company issues 11,200 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values $ Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology...