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iii)Based on the tables on pages 86 and 88, journal entry to recognize the acquisition of Raytheon Company in 2020.Please use the following accounts:Cash, Non-cash

  • iii)Based on the tables on pages 86 and 88, journal entry to recognize the acquisition of Raytheon Company in 2020.Please use the following accounts:Cash, Non-cash Identifiable Assets, Goodwill, Liabilities, Noncontrolling Interest, and Equity.

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Any potential adjustments made could be material in relation to the preliminary values presented below. Mdollars in millions Cash and cash equivalents 3,208 Accounts receivable 1.997 Inventory 705 Contract assets 6.023 Other assets, current 940 Fixed assets 4,745 Operating lease right-of-use assets 950 Intangible assets: 19.130 Customer relationships 12,900 Tradenames/trademarks 5.430 Developed technology 800 Other assets 1,193 Total identifiable assets acquired 38.891 Accounts payable 1,455 Accrued employee compensation 1,492 Other accrued liabilities 1,797 Contract liabilities 2,991 Long-term debt, including current portion 4,700 Operating lease liabilities, non-current portion 738 Future pension and postretirement benefit obligation 11,621 Other long-term liabilities 2,425 Total liabilities acquired 27,219 Total identifiable net assets 11,672 Goodwill 21,528 Redeemable noncontrolling interest (34) Total consideration transferred $ 33,166NOTE 2: BUSINESS ACQUISITIONS, DISPOSITIONS, GOODWILL AND INTANGIBLE ASSETS Business Acquisitions. Our investments in businesses net of cash acquired in 2020, 2019 and 2018 totaled $35,077 million (including debt assumed of $4,700 million and stock issued of $33,166 million), $9 million, and $30,783 million (including debt assumed of $7,784 million and stock issued of $7,960 million) respectively. Our investments in businesses in 2020 and 2018 primarily consisted of the acquisition of Raytheon Company and Rockwell Collins, Inc. (Rockwell Collins), respectively. Raytheon Merger. As noted above, on April 3, 2020, pursuant to the Agreement and Plan of Merger dated June 9, 2019, as amended (the Raytheon Merger Agreement) UTC and Raytheon Company completed their previously announced all-stock merger of equals, following the completion by UTC of the Separation Transactions and Distributions. Raytheon Company (previously New York Stock Exchange (NYSE): RTN) shares ceased trading prior to the market open on April 3, 2020, and each share of Raytheon common stock was converted in the merger into the right to receive 2.3348 shares of UTC common stock previously traded on the NYSE under the ticker symbol "UTX." Upon closing of the Raytheon Merger, UTC's name was changed to "Raytheon Technologies Corporation," and its shares of common stock began trading as of April 3, 2020 on the NYSE under the ticker symbol "RTX." Total consideration is calculated as follows: "dollars in millions Amount Fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards 5 33,067 Fair value attributable to pre-merger service for replacement equity awards 99 Total merger consideration 5 33.166

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