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1. On its acquisition-date consolidated balance sheet, what amount should TruData report as goodwill? 2.On its acquisition-date consolidated balance sheet, what amount should TruData report
1. On its acquisition-date consolidated balance sheet, what amount should TruData report as goodwill?
2.On its acquisition-date consolidated balance sheet, what amount should TruData report as patented technology(net)?
3.On its acquisition-date consolidated balance sheet, what amount should TruData report as common stock?
4.On its acquisition-date consolidated balance sheet, what amount should TruData report as retained as of July 1?
Help Use the following information to answer questions 15-18 [The following information applies to the questions displayed below On July 1, TruData Company issues 10,000 shares of its common stock with a $5 par value and a $50 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. Tru Webstat Data Book Webstat Fair Book ValuesValues Revenues (1/1 to 7/1 Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net) Land Buildings and equipment (net) Liabilities Common stock Additional paid-in capital $(279,000) $(160,000) 144,000 96,000 (134,000) (152,90e) 190,000 168,000 246, 008 184,00e 416,000 202,000236,90 76,000 $76,000 170,000 212,000 150,000 80,000 88,000 (514,000) (372,000) (348,000) (308,000) (76,000) (9,000) (36,000)Step by Step Solution
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