I need help with these questions.PR Company pays $10,000 in cash and issues no-par stock with a fair value of $40,000 to acquire all of SX Corporations net assets. SXs balance sheet at the date of acquisition is as follows.
	SX Corportion
		Book Value	Fair Value
Current Assets		2,000	4,200
P P & Eqp Net		10,000	6,000
Identifiable Intangible Assets		4,000	14,000
Total Assets		16,000
Current Liab		1,600	2,000
Long-term Debt		12,000	11,600
Capital Stock		5,000
Retained Earning		800
Accumulate other Coprehensive Income		(1,000)
Treasury Stock		(9,600)
Total Liabilities & Equity		16,000
Potential Contracts With new customer		8,000
Advance Production Technology		4,000
Future Cost Savings		2,000
Customer Lists		1,000
1. SXs balance sheet at the date of acquisition is as follows.
2. PR credits capital stock in the amount of.
3. Three months after the acquisition, a fire damages SXs equipment, reducing its fair value from $6,000 to $4,000. How
does PR report this event? Ignore depreciation.
4. Three months after the acquisition, a fire damages SXs equipment, reducing its fair value from $6,000 to $4,000. How
does PR report this event? Ignore depreciation.
5. Three months after the acquisition, PR receives information revealing that the identifiable intangible assets reported
on SXs books at the date of acquisition were really worth $12,000 instead of $14,000. How does PR report this
information? Ignore amortization.
6. Now assume the acquisition cost to PR is $60,000 (not the right answer). Other facts are the same as originally
reported. Goodwill reported on this acquisition is.
7. Now assume PR paid $8,000 in cash for SXs net assets. There are no consultant fees, and no shares are issued.
Assume that SXs previously unrecorded intangible assets, capitalizable per GAAP, have a fair value of $500. PR
records a bargain gain of.