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DataCloud purchased all of the shares of Supercore for $30 million in cash. The balance sheets of DataCloud and Supercore just after the acquisition appear
DataCloud purchased all of the shares of Supercore for $30 million in cash. The balance sheets of DataCloud and Supercore just after the acquisition appear below, along with fair value information for Supercore's net assets. Current assets Plant assets Identifiable intangible assets Investment in Supercore Liabilities Capital stock Retained earnings Treasury stock Accumulated other comprehensive loss Total Select one: O DataCloud Supercore Book Value Book Value Fair Value Dr (Cr) $10,000,000 $5,000,000 $4,000,000 40,000,000 36,000,000 25,000,000 10,000,000 a. $76,000,000 b. $65,000,000 c. $40,000,000 d. $87,000,000 30,000,000 (35,000,000) (37,800,000) (37,500,000) (30,000,000) (5,000,000) (15,600,000) 1,500,000 100,000 200,000 $0 On the consolidated balance sheet on the date of acquisition, what is the balance for plant assets? 100,000 500,000 $0 On the consolidated bulance sheet on the date of acgulution whin is the balance for plart assets? Select one a. 176.000000 1. 365.000 .000 . 1. 140.000000 d 187,000000
DataCloud purchased all of the shares of Supercore for $30 million in cash. The balance sheets of DataCloud and Supercore just after the acquisition appear below, along with fair value information for Supercore's net assets. Current assets Plant assets Identifiable intangible assets Investment in Supercore Liabilities Capital stock Retained earnings Treasury stock Accumulated other comprehensive loss Total Select one: O DataCloud Supercore Book Value Book Value Fair Value Dr (Cr) $10,000,000 $5,000,000 $4,000,000 40,000,000 36,000,000 25,000,000 10,000,000 a. $76,000,000 b. $65,000,000 c. $40,000,000 d. $87,000,000 30,000,000 (35,000,000) (37,800,000) (37,500,000) (30,000,000) (5,000,000) (15,600,000) 1,500,000 100,000 200,000 $0 On the consolidated balance sheet on the date of acquisition, what is the balance for plant assets? 100,000 500,000 $0
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