Consolidation at date of acquisition (purchase price greater than hook value aquellon journal entries Assume that the parent company aquests subsidiary by exchanging 50,000 shares of its par le common stock, with a falt value on the scene of perfor outstanding voting shares of the vestee. In its rays of the investee company, the parent values i or the subdiary's stand liabilities an amount equiling their book valueseve an unrecorded Trademark with a fair value of $120,000, an unrecorded Video Library valued M,000, and Patented Technology with a fair value of 0. a. Prepare the journal entry that the parent makes to record the acquision General Desangian Credit Common stock b. Given the following acquiondate balance sheets of the parent and the subsidiary prepare the consolidation entries e Shut Faren Subur ARE Ao recevable wentory investmen Property plant equipment 250.00 $120,000 201000 GOO 400.000 1. O 400,000 BOLO 162. 16.DOO Labies and stockholders Accounts payable Arcrued abilities Long-term les Common stock $200,000 250000 100,000 40.000 $80.000 140.000 SOLDO 100,000 w Saat die Anes 20.00 $120.000 Acun rece Inventory 300.00 400 DOO Equity inwest 1,500,000 Property, plant & equipment 4.000 DOO 163,000 $1,620,000 ables and stockholders' equity Accounts payable $200 000 550.000 Arrudates 20.000 Long term liabilities 1.800.000 500.000 Common stock 130.000 APIC 2.600,000 Retained earning 1,000.00 600 56,0 $ 1,000 Credit Consolidation Journal Description Debit Common stock APIC 0 0 O D 0 D 0 A Trademark Video brary Patented technology 0 0 0 0 16.250,000 11.6.20.000 os d. Where were the intangible assets on the parent or subsidiary's balance sheets? Oon the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. Oon the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet Con the subsidiary's balance sheet embedded in retained earnings, After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. Please answer all parts of the question. Previous Save Answers Consolidation at date of acquisition (purchase price greater than book value, acron journal entries Assume that the parent company acquires its subsidiary by exchanging 50,000 shares of $1 par value Cormon Stock with a fair value on the action of perform of the outstanding voting shares of the better in sy of the investee company, the parent values of the days wet and listen on equiling the book an unrecorded Trademark with a fair value of $120.000, an unrecorded Video Ubrary valued M300,000, and Patented Technology with a fare of 6.000 4. Prepare the journal entry that the parent makes to record the acquisition b. Given the following acquiondate balance sheets of the parery and the subsidury prepare the consolidationnels Basheet Assets 125OLJO Acous recevable 200.000 Arwentory 400.000 Equinvestment 1.500.000 Property plant equipment 4000,000 NOGLOBO $6.250.000 $100 DOO Labicies and stockholders' equity Accounts payable $200,000 S8000 Accrued abilities 2SOLDO 140,000 1 800,000 Long term libes ALCOO 100,000 SOCO Name Street Sut Annes $250.00 $170.000 Accounts recebe 300C 300.000 400.000 Equitywestment 1,500,000 Property, plan & equipment 4.000.000 BO $250,000 $1,670,000 Liables and stockholders' equity Accounts payable $200.000 S80,000 Accrued Babies 250,000 160.000 ondermiabilities 1.800.000 500.000 Common stock 100 DOO APIC 2.600.000 200.000 Retained earnings 1.000.000 600 DOO 56,250,000 $1,620,000 Credit Consolidation Journal Description Debit Common stock APIC O 0 0 0 o O D 0 A Trademark Video library Pented technology 0 0 16,250,000 11,670,000 0 d. Where were the intangible assets on the parent or subsidiary's balance sheets? Oon the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. On the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet Con the subsidiary's balance sheet ernbedded in retained earnings. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. Please answer all parts of the question. Previous Save Answers Consolidation at date of acquisition (purchase price greater than hook value aquellon journal entries Assume that the parent company aquests subsidiary by exchanging 50,000 shares of its par le common stock, with a falt value on the scene of perfor outstanding voting shares of the vestee. In its rays of the investee company, the parent values i or the subdiary's stand liabilities an amount equiling their book valueseve an unrecorded Trademark with a fair value of $120,000, an unrecorded Video Library valued M,000, and Patented Technology with a fair value of 0. a. Prepare the journal entry that the parent makes to record the acquision General Desangian Credit Common stock b. Given the following acquiondate balance sheets of the parent and the subsidiary prepare the consolidation entries e Shut Faren Subur ARE Ao recevable wentory investmen Property plant equipment 250.00 $120,000 201000 GOO 400.000 1. O 400,000 BOLO 162. 16.DOO Labies and stockholders Accounts payable Arcrued abilities Long-term les Common stock $200,000 250000 100,000 40.000 $80.000 140.000 SOLDO 100,000 w Saat die Anes 20.00 $120.000 Acun rece Inventory 300.00 400 DOO Equity inwest 1,500,000 Property, plant & equipment 4.000 DOO 163,000 $1,620,000 ables and stockholders' equity Accounts payable $200 000 550.000 Arrudates 20.000 Long term liabilities 1.800.000 500.000 Common stock 130.000 APIC 2.600,000 Retained earning 1,000.00 600 56,0 $ 1,000 Credit Consolidation Journal Description Debit Common stock APIC 0 0 O D 0 D 0 A Trademark Video brary Patented technology 0 0 0 0 16.250,000 11.6.20.000 os d. Where were the intangible assets on the parent or subsidiary's balance sheets? Oon the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. Oon the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet Con the subsidiary's balance sheet embedded in retained earnings, After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. Please answer all parts of the question. Previous Save Answers Consolidation at date of acquisition (purchase price greater than book value, acron journal entries Assume that the parent company acquires its subsidiary by exchanging 50,000 shares of $1 par value Cormon Stock with a fair value on the action of perform of the outstanding voting shares of the better in sy of the investee company, the parent values of the days wet and listen on equiling the book an unrecorded Trademark with a fair value of $120.000, an unrecorded Video Ubrary valued M300,000, and Patented Technology with a fare of 6.000 4. Prepare the journal entry that the parent makes to record the acquisition b. Given the following acquiondate balance sheets of the parery and the subsidury prepare the consolidationnels Basheet Assets 125OLJO Acous recevable 200.000 Arwentory 400.000 Equinvestment 1.500.000 Property plant equipment 4000,000 NOGLOBO $6.250.000 $100 DOO Labicies and stockholders' equity Accounts payable $200,000 S8000 Accrued abilities 2SOLDO 140,000 1 800,000 Long term libes ALCOO 100,000 SOCO Name Street Sut Annes $250.00 $170.000 Accounts recebe 300C 300.000 400.000 Equitywestment 1,500,000 Property, plan & equipment 4.000.000 BO $250,000 $1,670,000 Liables and stockholders' equity Accounts payable $200.000 S80,000 Accrued Babies 250,000 160.000 ondermiabilities 1.800.000 500.000 Common stock 100 DOO APIC 2.600.000 200.000 Retained earnings 1.000.000 600 DOO 56,250,000 $1,620,000 Credit Consolidation Journal Description Debit Common stock APIC O 0 0 0 o O D 0 A Trademark Video library Pented technology 0 0 16,250,000 11,670,000 0 d. Where were the intangible assets on the parent or subsidiary's balance sheets? Oon the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. On the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet Con the subsidiary's balance sheet ernbedded in retained earnings. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. Please answer all parts of the question. Previous Save Answers