Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Comp-A Comp-B Assets Book V Fair V book V Fair V Cash $190,000 $189.936 $25,000 $24,591 Account Receivable $130,000 $121,951 $45,000 $37,985 $180,000 $198.765 $60,000

image text in transcribed
image text in transcribed
Comp-A Comp-B Assets Book V Fair V book V Fair V Cash $190,000 $189.936 $25,000 $24,591 Account Receivable $130,000 $121,951 $45,000 $37,985 $180,000 $198.765 $60,000 $69.875 $100,000 $78,956 $40,000 $46,159 $60,000 $19,753 $10,000 $31,753 equipment Inventory Logistics(Cars & truck) GOODWILL Total Assets Account Payable Capital Add. Paid. Capital Retain Earning $210,000 209,789.00 $19,786 $350,000 $30,000 $120,000 $20,000 $75,000 $25,000 $10,000 January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital 5895.385 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Principles

Authors: Kinney Raiborn

14th Edition

9788131521069

More Books

Students also viewed these Accounting questions