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I need help to fill all the tables. PROBLEMA III. Romarie acquired Jokarie's net assets. Direct acquisition costs: $5,000. At the time of the acauisition
I need help to fill all the tables.
PROBLEMA III. Romarie acquired Jokarie's net assets. Direct acquisition costs: $5,000. At the time of the acauisition Jokarie's B/S was as follows: Required: Record the entry for the purchase of the net assets of Jokarie by Romarie at the following Cash prices: a. $700,000 b. $300,000 c. $100,000 b. $300,000 cash \begin{tabular}{|l|l|l|l|l|} \hline & Fair Value & %ofTotalFairValue & Total Cost Assignable & Assigned Value \\ \hline Equipment & & & & \\ \hline Building & & & & \\ \hline Land & & & & \\ \hline Total & & & & \\ \hline \end{tabular} c. $100,000 cash. \begin{tabular}{|l|l|l|l|l|} \hline & Fair Value & %ofTotalFairValue & Total Cost Assignable & Assigned Value \\ \hline Equipment & $ & & $ & $ \\ \hline Building & & & $ & \\ \hline Land & & & $ & \\ \hline Total & $ & & & $ \\ \hline \end{tabular}Step by Step Solution
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