Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Essen Inc. bought 80% of the equity capital of Heidleberg Ltd for 3,240MM. The transaction was funded by 90MM of Essen's balance sheet cash, an
Essen Inc. bought 80% of the equity capital of Heidleberg Ltd for 3,240MM. The transaction was funded by 90MM of Essen's balance sheet cash, an issuance of 1,710MM worth of Essen debt and the remainder with Essen equity. What is the consolidated shareholders' equity? The % of fair value of shareholders' equity method is being used for NCI.
A) 3,573.2
B) 3,312.0
C) 5,229.2
D) 3,643.2
Essen Inc. Heidleberg Ltd Cash 115.2 86.4 Operating current assets 2,016.0 2,304.0 PP&E 5,472.0 3,096.0 Intangibles 2,160.0 888.4 Goodwill 1,440.0 350.0 Total assets 11,203.2 6,724.8 Short term debt 360.0 172.8 Operating current liabilities 3,744.0 1,440.0 Long term debt 4,593.6 2,880.0 Operating long term liabilities 633.6 576.0 Total liabilities 9,331.2 5,068.8 Shareholders' equity 1,872.0 1,656.0 Total liabilities and equity 11,203.2 6,724.8Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started