Question
Apple inc David Inc. Assets Book V Fair V book V Fair V Cash $210,000 $211,951 $15,000 $15,981 Account Receivable $180,000 $159,879 $30,000 $24,357 equipment
Apple inc David Inc. Assets Book V Fair V book V Fair V Cash $210,000 $211,951 $15,000 $15,981 Account Receivable $180,000 $159,879 $30,000 $24,357 equipment $65,000 $78,987 $80,000 $110,987 Inventory $90,000 $95,852 $70,000 $61,369 Logistics(Cars & truck) $80,000 $69,586 $25,000 $21,753 Goodwill Total Assets Account Payable $145,000 $144,454 $25,000 $25,897 Capital $360,000 $150,000 Additional paid in Capital $80,000 $40,000 Retain Earning $40,000 $5,000 Total equity and Liabilities January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital$895,385 Cash And We Purchase Apple And David Inc. They Use Acquisition Methods. We Paid$521,987 Cash For Apple Inc. Also, $25,987 investment Expenses. We Paid$179,654 Cash For David Inc. Also, $10,957 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capital Insurance Inc. Please Answer The Following Questions
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