Conan wylans P3.2 Consolidation Working Paper, identifiable Intangibles, Good Tech C onsider the shareholders of GOD.. 5304 gala n O ca e The presently to th the third year fongs . The balance sheets of th e the follow V O C walities that COC prior to the are used Book Value GOC Book Value Fair Value $ 15 200 Balance Sheets (in minions) Current assets .... Property, plant and equipment, net Intangible assets Total assets 20 $160 $2,000 $20 1.200 103 Current liabilities... Long-term habition Common stock par Additional paid-in capital. Retained earnings Accumulated other comprehensive income Treasury stock.. Total Babies and equity... $2,000 $100 The intangible NSEN orted above consist of patents and trademarks COC also has the following pre- viously unreported intungible assets that meet ASC Topic 805 requirements for recognition: Fair Value Advanced technology. ......... Customer lists...... $5 Required a. Prepare the journal entry or entries ITI makes to record the acquisition on its own books. b. Prepare a working paper to consolidate the balance sheets of TI and GOC at June 30, 2018 a) Investment in GOL Maroorkeesta Expenses 112,000,000 55,000,000 Common stock Additional paid in Capital Contingent consideration liability 2 Cash Common Stock Lesso coated 4,000,000 100,000 Conan wylans P3.2 Consolidation Working Paper, identifiable Intangibles, Good Tech C onsider the shareholders of GOD.. 5304 gala n O ca e The presently to th the third year fongs . The balance sheets of th e the follow V O C walities that COC prior to the are used Book Value GOC Book Value Fair Value $ 15 200 Balance Sheets (in minions) Current assets .... Property, plant and equipment, net Intangible assets Total assets 20 $160 $2,000 $20 1.200 103 Current liabilities... Long-term habition Common stock par Additional paid-in capital. Retained earnings Accumulated other comprehensive income Treasury stock.. Total Babies and equity... $2,000 $100 The intangible NSEN orted above consist of patents and trademarks COC also has the following pre- viously unreported intungible assets that meet ASC Topic 805 requirements for recognition: Fair Value Advanced technology. ......... Customer lists...... $5 Required a. Prepare the journal entry or entries ITI makes to record the acquisition on its own books. b. Prepare a working paper to consolidate the balance sheets of TI and GOC at June 30, 2018 a) Investment in GOL Maroorkeesta Expenses 112,000,000 55,000,000 Common stock Additional paid in Capital Contingent consideration liability 2 Cash Common Stock Lesso coated 4,000,000 100,000
