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Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $216,000....
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20x2, for $229,000....
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20x2, for $229,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Blank Corporation $ 61,000 83,000 109,000 222,000 229,000 $704,000 Faith Corporation $ 33,000 57,000 65,000 168,000 Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets Liabilities and Stockholders' Equity Accounts Payable Notes Payable Common Stock Retained Earnings...
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $186,000....
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $186,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition Blank Corporation Corporation Faith Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock 58,000 86,000 115,000 225,000 186,000 31,000 42,000 61,000 157,000 Total Assets $670,000 $291,000 Liabilities and Stockholders' Equity Accounts Payable Notes Payable Common Stock Retained Eanings $...
Blank Corporation acquired 100 percent of Faith Corporation’s common stock on December 31, 20X2, for $214,000....
Blank Corporation acquired 100 percent of Faith Corporation’s common stock on December 31, 20X2, for $214,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Item Blank Corporation Faith Corporation Assets Cash $ 70,000 $ 24,000 Accounts Receivable 87,000 52,000 Inventory 101,000 64,000 Buildings and Equipment (net) 218,000 159,000 Investment in Faith Corporation Stock 214,000 Total Assets $ 690,000 $ 299,000 Liabilities and Stockholders’ Equity Accounts Payable $ 84,000 $...
Blank Corporation acquired 100 percent of Faith Corporation’s common stock on December 31, 20X2, for $207,000....
Blank Corporation acquired 100 percent of Faith Corporation’s common stock on December 31, 20X2, for $207,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Item Blank Corporation Faith Corporation Assets Cash $ 62,000 $ 34,000 Accounts Receivable 81,000 39,000 Inventory 103,000 75,000 Buildings and Equipment (net) 212,000 160,000 Investment in Faith Corporation Stock 207,000 Total Assets $ 665,000 $ 308,000 Liabilities and Stockholders’ Equity Accounts Payable $ 84,000 $...
Check my w Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31,...
Check my w Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $208,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Blank Corporation Faith Corporation Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets Liabilities and Stockholders' Equity Mecounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 60,000 86,000 101,000...
Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $239,000....
Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $239,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Item Plump Corporation Slim Corporation Cash $ 26,000 $ 18,000 Accounts Receivable 89,000 48,000 Inventory 114,000 60,000 Buildings & Equipment (net) 230,000 158,000 Investment in Slim Corporation Stock 239,000 Total Assets $ 698,000 $ 284,000 Accounts Payable $ 89,000 $ 18,000 Notes Payable 132,000 65,000...
What is the basic consolidation entry and the optional accumulated depreciation entry? Blank Corporation acquired 100...
What is the basic consolidation entry and the optional accumulated
depreciation entry?
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $229,000. Data from balance sheets of the two companies included the following amounts as of the date of acquisition: Blank Corporation $ 61,000 83,000 109,000 222,000 229,000 $ 704,000 Faith Corporation $ 33,000 57,000 65,000 168,000 Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets...
Check my work Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31,...
Check my work Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $222,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Corporation $ 22,000 41,000 63,000 157,000 Ites Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Slim Corporation Stock Total Assets Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities & Stockholders' Equity Plump Corporation $ 30,000 103,000 119,000 225,000...
On December 31, 20X9, Add-On Company acquired 100 percent of Venus Corporation's common stock for $300,000....
On December 31, 20X9, Add-On Company acquired 100 percent of Venus Corporation's common stock for $300,000. Balance sheet information for Venus just prior to the acquisition is given here: Cash and Receivables $35,000 Inventory $75,000 Land $100,000 Buildings and Equipment (net) $220,000 Total Assets $430,000 Accounts Payable $65,000 Bonds Payable $150,000 Common Stock $100,000 Retained Earnings $115,000 Total Liabilities and Stockholders·Equity $430,000 At the date of the business combination, Venus's net assets and liabilities approximated fair value except for inventory,...
Plaza Corporation acquired 100 percent of Square Corporation's voting common stock on December 31, 20X4, for $401,000. At the date of combination, Square reported the following: Assets Liabilities...
Plaza Corporation acquired 100 percent of Square Corporation's voting common stock on December 31, 20X4, for $401,000. At the date of combination, Square reported the following: Assets Liabilities Cash $ 127,000 Current Liabilities $ 74,000 Inventory 107,000 Long-Term Liabilities 238,000 Buildings (net) 428,000 Common Stock 112,000 Retained Earnings 238,000 Total $ 662,000 Total $ 662,000 At December 31, 20X4, the book values of Square's net assets and liabilities approximated their fair values, except for buildings, which had a fair value...
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20x2, for $229,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Blank Corporation $ 61,000 83,000 109,000 222,000 229,000 $704,000 Faith Corporation $ 33,000 57,000 65,000 168,000 Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets Liabilities and Stockholders' Equity Accounts Payable Notes Payable Common Stock Retained Earnings...
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $186,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition Blank Corporation Corporation Faith Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock 58,000 86,000 115,000 225,000 186,000 31,000 42,000 61,000 157,000 Total Assets $670,000 $291,000 Liabilities and Stockholders' Equity Accounts Payable Notes Payable Common Stock Retained Eanings $...
Check my w Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $208,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Blank Corporation Faith Corporation Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets Liabilities and Stockholders' Equity Mecounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 60,000 86,000 101,000...
What is the basic consolidation entry and the optional accumulated
depreciation entry?
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $229,000. Data from balance sheets of the two companies included the following amounts as of the date of acquisition: Blank Corporation $ 61,000 83,000 109,000 222,000 229,000 $ 704,000 Faith Corporation $ 33,000 57,000 65,000 168,000 Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets...
Check my work Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $222,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Corporation $ 22,000 41,000 63,000 157,000 Ites Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Slim Corporation Stock Total Assets Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities & Stockholders' Equity Plump Corporation $ 30,000 103,000 119,000 225,000...
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