Answered step by step
Verified Expert Solution
Question
1 Approved Answer
F25 Apple inc David Inc. Fairy Fair V book V Book V Assets $210,000 $15.000 $211.951 Cash $15.981 Account Receivable $180,000 $159,879 $30,000 $24.357 equipment
F25 Apple inc David Inc. Fairy Fair V book V Book V Assets $210,000 $15.000 $211.951 Cash $15.981 Account Receivable $180,000 $159,879 $30,000 $24.357 equipment $65.000 $78,987 $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 Liabilitie January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $895,385 Cash And We Purchase Apple And David Inc. TH Use Acquisition Methods. We paid $521,987 Cash For Apple Inc. Also, $25,987 investment Expenses. We Paid $179,654 Cash Fe David Inc. Also $10,957 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capita Insurance Inc. Please Answer The Following Questions 2 TotalConsolidated Goodwill * (1 Point) Enter your answer 3 3 TotalConsolidated Assets (1 Point) Enter your answer 4 * TotalConsolidated Retain Earning (1 Point) Enter your answer 5 * Total consolidated Capital (1 Point)
Step 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