Equipments 70000 50000 20000 22000 accumulated depreciation - equipments -10000 Time left 0:48:43 Lands 30000 10000 5000 13000 Total Assets 330000 310000 83000 100000 Liabilities 100000 100000 15000 10000 capital - common stocks 150000 50000 Other contributed capital 50000 18000 retained earnings 30000 0 Total liabilities & equities 330000 83000 On the same date, company was established with a capital of JD 700000 paid in cash. Company C acquired the net assets of company A for JD 250000. Also it acquired the net assets of company B for JD 150000. It incurred JD 40000 legal & accounting fees paid in cash. Equipments 70000 50000 20000 22000 accumulated depreciation - equipments -10000 Time left 0:48 Lands 30000 10000 5000 13000 Total Assets 330000 310000 83000 100000 Liabilities 100000 100000 15000 10000 capital - common stocks 150000 50000 Other contributed capital 50000 18000 retained earnings 30000 0 Total liabilities & equities 330000 83000 On the same date, company was established with a capital of JD 700000 paid in cash. Company C acquired the net assets of company A for JD 250000. Also it acquired the net assets of company B for JD 150000. It incurred JD 40000 legal & accounting fees paid in cash. s Time left Question 10 The entry of transferring A&B companies' assets and liabilities to C ot yet answered arked out of 1.00 Flag question Cash 91000 Other C.A 224000 Equipments 72000 Lands 23000 Goodwill 100000 Liabilities 110000 Investment 400000 Cash 91000 Other CA 224000 Equipments 72000 Time left 0:48 Question 11 The entry of establishing company "C" is: Not yet answered Marked out of 1.00 Investment 700000 Flag question Cash 700000 Cash 700000 Investment 700000 Cash 700000 Capital 700000 Investment 400000 Cash 400000 O True O False On January 1, 2020, P acquired 80% of S for $150,000. On the acquisition date, S reported net assets book value of $450,000, and $500,000 at fair value. The difference was due to the increased value of buildings with a remaining life of 10 years. During 2020 S reported net income of $25,000 and paid dividends of $10,000. P uses the complete equity method. What will be the balance in the Investment account as of Dec 31, 2020? Select one: O $162,000 $142,000 O $150,000 S158,000 Ateindows 01:09 94F Haze E Question 14 cash balance on "C" Company's balance sheet immediately after this merger is: Not yet answered 791000 Marked out of 1.00 Flag question 351000 700000 260000 Previous page Equipments 70000 50000 20000 22000 accumulated depreciation - equipments -10000 Time left 0:48:43 Lands 30000 10000 5000 13000 Total Assets 330000 310000 83000 100000 Liabilities 100000 100000 15000 10000 capital - common stocks 150000 50000 Other contributed capital 50000 18000 retained earnings 30000 0 Total liabilities & equities 330000 83000 On the same date, company was established with a capital of JD 700000 paid in cash. Company C acquired the net assets of company A for JD 250000. Also it acquired the net assets of company B for JD 150000. It incurred JD 40000 legal & accounting fees paid in cash. Equipments 70000 50000 20000 22000 accumulated depreciation - equipments -10000 Time left 0:48 Lands 30000 10000 5000 13000 Total Assets 330000 310000 83000 100000 Liabilities 100000 100000 15000 10000 capital - common stocks 150000 50000 Other contributed capital 50000 18000 retained earnings 30000 0 Total liabilities & equities 330000 83000 On the same date, company was established with a capital of JD 700000 paid in cash. Company C acquired the net assets of company A for JD 250000. Also it acquired the net assets of company B for JD 150000. It incurred JD 40000 legal & accounting fees paid in cash. s Time left Question 10 The entry of transferring A&B companies' assets and liabilities to C ot yet answered arked out of 1.00 Flag question Cash 91000 Other C.A 224000 Equipments 72000 Lands 23000 Goodwill 100000 Liabilities 110000 Investment 400000 Cash 91000 Other CA 224000 Equipments 72000 Time left 0:48 Question 11 The entry of establishing company "C" is: Not yet answered Marked out of 1.00 Investment 700000 Flag question Cash 700000 Cash 700000 Investment 700000 Cash 700000 Capital 700000 Investment 400000 Cash 400000 O True O False On January 1, 2020, P acquired 80% of S for $150,000. On the acquisition date, S reported net assets book value of $450,000, and $500,000 at fair value. The difference was due to the increased value of buildings with a remaining life of 10 years. During 2020 S reported net income of $25,000 and paid dividends of $10,000. P uses the complete equity method. What will be the balance in the Investment account as of Dec 31, 2020? Select one: O $162,000 $142,000 O $150,000 S158,000 Ateindows 01:09 94F Haze E Question 14 cash balance on "C" Company's balance sheet immediately after this merger is: Not yet answered 791000 Marked out of 1.00 Flag question 351000 700000 260000 Previous page