Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

From where you get this number? Buildings - 48001600 equipment 35203840 total assets 112008000 Current liabilities 800960 Capital stock, $10 par 80003200 Additional paid-in capital

From where you get this number? image text in transcribed
image text in transcribed
image text in transcribed
Buildings - 48001600 equipment 35203840 total assets 112008000 Current liabilities 800960 Capital stock, \$10 par 80003200 Additional paid-in capital 8002240 Retained earnings 16001600 Total equities $11,200$8,000 Step 2/2 The balance sheet of Pop Corporation immediately after the acquisition : P1-1 Prepare balance sheet after acquisition Comparative balance sheets for Pop and Son Corporations at December 31, 2015, are as follows (in thousands): On January 2, 2016, Pop issues 240,000 shares of its stock with a market value of $40 per share for all the outstanding shares of Son Corporation in an acquisition. Son is dissolved. The recorded book values reflect fair values, except for the buildings of Pop, which have a fair value of $6,400,000, and the current assets of Son, which have a fair value of $1,600,000. Pop pays the following expenses in connection with the business combination: Required Prepare the balance sheet of Pop Corporation immediately after the acquisition

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

Auditing And Assurance Services With ACL CD

Authors: McGraw Hill

1st Edition

1259071200, 978-1259071201

More Books

Students also viewed these Accounting questions

Question

Is SHRD compatible with individual career aspirations

Answered: 1 week ago