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Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2020, in exchange for $6,121,000 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,060,000 including retained earnings of $1,560,000. At the acquisition date, Allison prepared the following fair-value allocation schedule for its newly acquired subsidiary: $6,121,000 2,060,000 $4,061,000 Consideration transferred Mathias stockholders' equity Excess fair over...
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Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2020, in exchange for $6,387,500 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,125,000 including retained earnings of $1,625,000. At the acquisition date, Allison prepared the following fair value allocation schedule for its newly acquired subsidiary: $6,387,500 2,125,000 $4,262,500 Consideration transferred Mathias stockholders' equity Excess fair...
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Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2017, in exchange for $6,018,500 in cash Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,035,000 including retained earnings of $1535,000. At the acquisition date, Allison prepared the following fair value allocation schedule for its newly acquired subsidiary. $6,018,500 2,035,000 $3,983,500 Consideration transferred Mathias stockholders' equity Excess fair...
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Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2020, in exchange for $5,875,000 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,000,000 including retained earnings of $1,500,000 At the acquisition date, Allison prepared the following fair-value allocation schedule for its newly acquired subsidiary: Consideration transferred Mathias stockholders' equity Excess fair over book value to...
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Allison Corporation acquired all of the outstanding voting stock
of Mathias, Inc., on January 1, 2020, in exchange for $6,121,000 in
cash. Allison intends to maintain Mathias as a wholly owned
subsidiary. Both companies have December 31 fiscal year-ends. At
the acquisition date, Mathias’s stockholders’ equity was $2,060,000
including retained earnings of $1,560,000.
At the acquisition date, Allison prepared the following
fair-value allocation schedule for its newly acquired
subsidiary:
Consideration transferred
$
6,121,000
Mathias stockholders' equity
2,060,000
Excess fair over...
-
Allison Corporation acquired all of the outstanding voting stock
of Mathias, Inc., on January 1, 2017, in exchange for $5,895,500 in
cash. Allison intends to maintain Mathias as a wholly owned
subsidiary. Both companies have December 31 fiscal year-ends. At
the acquisition date, Mathias’s stockholders’ equity was $2,005,000
including retained earnings of $1,505,000.
At the acquisition date, Allison prepared the following fair
value allocation schedule for its newly acquired subsidiary:
Consideration transferred
$
5,895,500
Mathias stockholders' equity
2,005,000
Excess fair...
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Allison Corporation acquired all of the outstanding voting stock
of Mathias, Inc., on January 1, 2017, in exchange for $6,100,500 in
cash. Allison intends to maintain Mathias as a wholly owned
subsidiary. Both companies have December 31 fiscal year-ends. At
the acquisition date, Mathias’s stockholders’ equity was $2,055,000
including retained earnings of $1,555,000.
At the acquisition date, Allison prepared the following fair
value allocation schedule for its newly acquired subsidiary:
Consideration transferred
$
6,100,500
Mathias stockholders' equity
2,055,000
Excess fair...
-
Allison Corporation acquired all of the outstanding voting stock
of Mathias, Inc., on January 1, 2017, in exchange for $5,895,500 in
cash. Allison intends to maintain Mathias as a wholly owned
subsidiary. Both companies have December 31 fiscal year-ends. At
the acquisition date, Mathias’s stockholders’ equity was $2,005,000
including retained earnings of $1,505,000.
At the acquisition date, Allison prepared the following fair
value allocation schedule for its newly acquired subsidiary:
Consideration transferred
$
5,895,500
Mathias stockholders' equity
2,005,000
Excess fair...
-
Allison Corporation acquired all of the outstanding voting stock
of Mathias, Inc., on January 1, 2017, in exchange for $6,100,500 in
cash. Allison intends to maintain Mathias as a wholly owned
subsidiary. Both companies have December 31 fiscal year-ends. At
the acquisition date, Mathias’s stockholders’ equity was $2,055,000
including retained earnings of $1,555,000.
At the acquisition date, Allison prepared the following fair
value allocation schedule for its newly acquired subsidiary:
Consideration transferred
$
6,100,500
Mathias stockholders' equity
2,055,000
Excess fair...
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On January 1, 2020, Prestige Corporation acquired 100 percent of the voting stock of Stylene Corporation in exchange for $2,244,000 in cash and securities. On the acquisition date, Stylene had the following balance sheet: Accounts payable $ 1,799,000 Cash Accounts receivable Inventory Equipment (net) Trademarks Total assets $ 23,000 125,000 181,000 2,180,000 890,000 $ 3,399,000 Common stock 800,000 Retained earnings 800,000 Total liabilities and equity $ 3,399,000 At the acquisition date, the book values of Stylene's assets and liabilities were...
Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2020, in exchange for $6,121,000 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,060,000 including retained earnings of $1,560,000. At the acquisition date, Allison prepared the following fair-value allocation schedule for its newly acquired subsidiary: $6,121,000 2,060,000 $4,061,000 Consideration transferred Mathias stockholders' equity Excess fair over...
Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2020, in exchange for $6,387,500 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,125,000 including retained earnings of $1,625,000. At the acquisition date, Allison prepared the following fair value allocation schedule for its newly acquired subsidiary: $6,387,500 2,125,000 $4,262,500 Consideration transferred Mathias stockholders' equity Excess fair...
Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2017, in exchange for $6,018,500 in cash Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,035,000 including retained earnings of $1535,000. At the acquisition date, Allison prepared the following fair value allocation schedule for its newly acquired subsidiary. $6,018,500 2,035,000 $3,983,500 Consideration transferred Mathias stockholders' equity Excess fair...
Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2020, in exchange for $5,875,000 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,000,000 including retained earnings of $1,500,000 At the acquisition date, Allison prepared the following fair-value allocation schedule for its newly acquired subsidiary: Consideration transferred Mathias stockholders' equity Excess fair over book value to...
On January 1, 2020, Prestige Corporation acquired 100 percent of the voting stock of Stylene Corporation in exchange for $2,244,000 in cash and securities. On the acquisition date, Stylene had the following balance sheet: Accounts payable $ 1,799,000 Cash Accounts receivable Inventory Equipment (net) Trademarks Total assets $ 23,000 125,000 181,000 2,180,000 890,000 $ 3,399,000 Common stock 800,000 Retained earnings 800,000 Total liabilities and equity $ 3,399,000 At the acquisition date, the book values of Stylene's assets and liabilities were...