Additional Time Used: 07 minutes, 05 seconds. Question Completion Status: 1. What is the balance in the investment in Lexmark account on December 31, 2UZTY Attach File Browse My Computer Browse Content Collection QUESTION 3 Here is date of acquisition information on Fizzy Beverage's assets and liabilities (December 231, 2020): Current assets Property, plant and equipment, net Total assets Book Value $ 2,000 18.000 $ 20.000 Fair Value $ 1,200 8,000 10,000 Liabilities Capital stock Retained earnings Accumulated other comprehensive income Treasury stock Total liabilities and equity $ 10,000 2,500 7,400 300 1200) $ 20,000 Cola King Company acquires all of the voting stock of Fizzy Beverage, paying the following amounts: Cash consideration to the former owners Fair value of new no par common stock issued Registration fees on new stock issued, paid in cash Accounting, consulting, and attorney services, paid in cash $40,000 50,000 500 2.000 Fizzy has the following previously unreported intangible assets meeting the criteria for separate recognition as identifiable intangible assets. $ 3.000 Favorable lease agreements Developed technology 30.000 Additional liabilities, (whose book value is 5 0) of $ 12,500 are recognized as a result of the acquisition Provide the consolidated balance sheet on December 31, 2020 given the following individual balances for the parent and the subsidiary Cola King De (Cr) $ 30.000 Finny Dron 52.000 Consolidated Di (0) Current assets Property plant & equipmentnet 500 000 18.000 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answ dditional Time Used: 07 minutes, 12 seconds. Question Completion Status: Cola King Company acquires all of the voting stock of Fizzy Beverage, paying the following amounts: Cash consideration to the former owners Fair value of new no-par common stock issued Registration fees on new stock issued, paid in cash Accounting, consulting, and attorney services, paid in cash $40,000 50,000 500 2,000 Fizzy has the following previously unreported intangible assets meeting the criteria for separate recognition as identifiable intangible assets. Favorable lease agreements Developed technology $ 3,000 30,000 Additional liabilities, (whose book value is $ 0) of $ 12,500 are recognized as a result of the acquisition Provide the consolidated balance sheet on December 31, 2020 given the following individual balances for the parent and the subsidiary Cola King Dr (0) $ 30,000 FERY Dra $ 2.000 Consolidated Dr . Property, plant & equipment, net 600,000 90,000 40.000 Investment in Fry Identifiable intangible ats Goodwill Listes Capital stock Retained earnings Accumulated other comprehensive income Treasury stock Total 1568,000) (10,000) (180,000) (10,000) 12,500) 17400) 13001 14.000 2.000 $ 0 200 Attach File Browse My Computer Browse Content Collection QUESTION 4 Sully Company's January 1, 2020 balance sheet is as follows: Assets Liabilities & Fruit CHA Saue and Submit to save and submit. Click Save All Aswers to see all answers Save AB A
