Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

F25 Apple inc David Inc. Fair V Book V book V Fairy Assets Cash $210.000 $211.951 $15.000 $15.981 Account Receivable $180.000 $159,879 $30.000 $24.357 equipment

image text in transcribed

F25 Apple inc David Inc. Fair V Book V book V Fairy Assets Cash $210.000 $211.951 $15.000 $15.981 Account Receivable $180.000 $159,879 $30.000 $24.357 equipment $65.000 $79.987 $80,000 $110.987 Inventory $90,000 $95,852 $70,000 $61,369 Logistics(Cars & truck) $80,000 $69,586 $25,000 $21.753 Goodwill $616.255 $234,447 Total Assets Account Payable $145,000 $144.454 $25.000 $25,897 Capital $360,000 $150.000 $208,550 Additional paid in Capital $80.000 $471,801 $40,000 Retain Earning $40.000 $5,000 Total equity and Liabilities January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $895,385 Cash And We Purchase Apple And David Inc Use Acquisition Methods. We Paid $521,987 Cash For Apple Inc. Also, $25,987 investment Expenses. We Paid $179,654 Cash F David Inc. Also $10,957 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capiz Insurance Inc. Please Answer The Following Questions F25 Apple inc David Inc. Fair V Book V book V Fairy Assets Cash $210.000 $211.951 $15.000 $15.981 Account Receivable $180.000 $159,879 $30.000 $24.357 equipment $65.000 $79.987 $80,000 $110.987 Inventory $90,000 $95,852 $70,000 $61,369 Logistics(Cars & truck) $80,000 $69,586 $25,000 $21.753 Goodwill $616.255 $234,447 Total Assets Account Payable $145,000 $144.454 $25.000 $25,897 Capital $360,000 $150.000 $208,550 Additional paid in Capital $80.000 $471,801 $40,000 Retain Earning $40.000 $5,000 Total equity and Liabilities January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $895,385 Cash And We Purchase Apple And David Inc Use Acquisition Methods. We Paid $521,987 Cash For Apple Inc. Also, $25,987 investment Expenses. We Paid $179,654 Cash F David Inc. Also $10,957 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capiz Insurance Inc. Please Answer The Following Questions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting Volume 1

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

11th Canadian Edition

0135359708, 9780135359709

More Books

Students also viewed these Accounting questions