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20,000 shares were issued What is the Goodwill, Consolidated Assets, Consolidated Liabilities and Consolidated Stockholders' Equity? Vios Company acquired 100% of the common stock of
20,000 shares were issued
What is the Goodwill, Consolidated Assets, Consolidated Liabilities and Consolidated Stockholders' Equity?
Vios Company acquired 100% of the common stock of Toyota Corp. by issuing stock of Silicon Company P6 par value. The market value of the stock issued on the date of the business combination was P7 per share on January 2, 2021. The statement of financial position of Vios Company and Toyota Corp. at December 31, 2020 are presented below: Vios Company Toyota Corp. Book Value Book Value Fair Value Cash 375,000 100,000 Accounts Receivable Other assets 30,000 40,000 Property and Equipment 270,000 75,000 Less: Accumulated Depreciation 70,000 200,000 15,000 60,000 85,000 Total Assets 605,000 200,000 60,000 25,000 35,000 Accounts Payable Mortgage Payable Common Stock Additional Paid-in Capital Retained Earnings Total Liabilities and Equity 220,000 60,000 100,000 45,000 180,000 605,000 80,000 200,000 Vios Company acquired 100% of the common stock of Toyota Corp. by issuing stock of Silicon Company P6 par value. The market value of the stock issued on the date of the business combination was P7 per share on January 2, 2021. The statement of financial position of Vios Company and Toyota Corp. at December 31, 2020 are presented below: Vios Company Toyota Corp. Book Value Book Value Fair Value Cash 375,000 100,000 Accounts Receivable Other assets 30,000 40,000 Property and Equipment 270,000 75,000 Less: Accumulated Depreciation 70,000 200,000 15,000 60,000 85,000 Total Assets 605,000 200,000 60,000 25,000 35,000 Accounts Payable Mortgage Payable Common Stock Additional Paid-in Capital Retained Earnings Total Liabilities and Equity 220,000 60,000 100,000 45,000 180,000 605,000 80,000 200,000Step by Step Solution
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