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Acquisition with a Bargain Gain of $0.01 par value stock valued at $111.70 /share. Anchor's balance sheet at November 15,2018 , was as follows. Date-of-acquisition
Acquisition with a Bargain Gain of $0.01 par value stock valued at $111.70 /share. Anchor's balance sheet at November 15,2018 , was as follows. Date-of-acquisition fair values are also displayed. Required Note: Round all answers to the thousands. For example, 5,220,600 would be 5,221,000. a. Prepare the journal entry FS Bancorp made to record the acquisition on its own books, as a stock acquisition. b. Prepare consolidation working paper eliminating entries (E) and (R) to combine the accounts of FS Bancorp and Anchor at the date of acquisition. Acquisition with a Bargain Gain of $0.01 par value stock valued at $111.70 /share. Anchor's balance sheet at November 15,2018 , was as follows. Date-of-acquisition fair values are also displayed. Required Note: Round all answers to the thousands. For example, 5,220,600 would be 5,221,000. a. Prepare the journal entry FS Bancorp made to record the acquisition on its own books, as a stock acquisition. b. Prepare consolidation working paper eliminating entries (E) and (R) to combine the accounts of FS Bancorp and Anchor at the date of acquisition
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