In a pre-2009 business combination, Acme Company acquired all of Brem Company's assets and liabilities for cash. After the combination Acme formally dissolved Brem. At the acquisition date, the following book and fair values were available for the Brem Company accounts: points Book Values $ 80,000 120,000 Fair Values $ 30,000 180,000 32e,eee (55,000) Current assets Equipment Trademark Liabilities Common stock Retained earnings eBook (55,000) (100,000) (45,000) In addition, Acme paid an investment bank $25,000 cash for assistance in arranging the combination a. Using the legacy purchase method for pre-2009 business combinations, prepare Acme's entry to record its acquisition of Brem in its accounting records assuming the following cash amounts of $610,000 and $425,000 were paid to the former owners of Brem. b. How would these journal entries change if the acquisition occurred post-2009 and therefore Acme applied the acquisition method (If no entry is required for a transaction/event, select "No journal entry required in the first accountfield View transaction list Journal entry worksheet Prey 14 of 14 14 In a pre-2009 business combination, Acme Company acquired all of Brem Company's assets and liabilities for cash. After the combination Acme formally dissolved Brem. At the acquisition date, the following book and fair values were available for the Brem Company accounts: DOS Book Values $ 80,000 120,000 Fat Values $ 30,000 Current assets Equipment Trademark Liabilities Common stock Retained earnings 320,000 (55,000) (55.000) (100.000) (45,000) References In addition, Acme paid an investment bank $25,000 cash for assistance in arranging the combination a. Using the legacy purchase method for pre-2009 business combinations, prepare Acme's entry to record its acquisition of Brem in its accounting records assuming the following cash amounts of $610.000 and $425.000 were paid to the former owners of Brem. b. How would these journal entries change of the acquisition occurred post-2009 and therefore Acme applied the acquisition method? Of no entry is required for a transaction event, select "No journal entry required in the first account field.) Vww transaction ist Journal entry worksheet hp EliteDisplay E202 14 In a pre-2009 business combination, Acme Company acquired all of Brem Company's assets and liabilities for cash. After the combination Acme formally dissolved Brem. At the acquisition date, the following book and fair values were available for the Brem Company accounts points Book Values $ 80,000 120.000 Fair Values $ 30,000 180,000 320.00 (5.00) Equipment Trademark Liabilities CO stock Retained earnings ebook (55,000) (100,000) (45.000) Deference In addition, Acme paid an investment bank $25.000 cash for assistance in arranging the combination a. Using the legacy purchase method for pre-2009 business combinations, prepare Acme's entry to record its acquisition of Brem in its accounting records assuming the following cash amounts of $610.000 and $425.000 were paid to the former owners of Brem b. How would these journal entries change if the acquisition occurred post-2009 and therefore Acme applied the acquisition method If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction list Journal entry worksheet 0 5 Record the expenses related to the combination using the acquisition method assuming $425,000 was paid to the former owners of Brem EliteDisplay F 202
