Chapter 4 Assignment The balance sheets of Percy Corp. and Salt Ltd. on December 31, Year 10, are shown below $ Accounts receivable Inventory 51. See 4.75e 15. 45.00 196,5 (91, see 482 See Accumulated amortization Trademarks (net) $ 566,750 S 185.750 Current liabilities 1.50 Retained earnings 114.3 221.500 177,750 666.750 185,750 The fair values of the identifiable net assets of Saltz Lid on December 31 Year 10. were as follows Accounts receivable 15.50 Current lobilities Help Save & Submit In addition to the assets identified above, Saltz owned a taxi licence in the City of Moose Law. This licence expires in one years. These licences are selling in the open market at apprimately $5R750. On January 1 Year 11, Percy Corp paid $178.000 in cash to acquire 7000 (70%) of the common shares of Salt ud Salty's shares were trading for $23 per share just after the acquisition by Percy Required: Prepare the consolidated balance sheet on January 1 Year 11 Ch Percy Corp i d Balance Sheet January 1 Year 11 1 of 4 Next > Chapter 4 Assignment The balance sheets of Percy Corp. and Salt Ltd. on December 31, Year 10, are shown below $ Accounts receivable Inventory 51. See 4.75e 15. 45.00 196,5 (91, see 482 See Accumulated amortization Trademarks (net) $ 566,750 S 185.750 Current liabilities 1.50 Retained earnings 114.3 221.500 177,750 666.750 185,750 The fair values of the identifiable net assets of Saltz Lid on December 31 Year 10. were as follows Accounts receivable 15.50 Current lobilities Help Save & Submit In addition to the assets identified above, Saltz owned a taxi licence in the City of Moose Law. This licence expires in one years. These licences are selling in the open market at apprimately $5R750. On January 1 Year 11, Percy Corp paid $178.000 in cash to acquire 7000 (70%) of the common shares of Salt ud Salty's shares were trading for $23 per share just after the acquisition by Percy Required: Prepare the consolidated balance sheet on January 1 Year 11 Ch Percy Corp i d Balance Sheet January 1 Year 11 1 of 4 Next >