In the following question: 40. Dish Corporation acquired 100 percent of the common stock of Toll Company
Fantastic news! We've Found the answer you've been seeking!
Question:
In the following question:
40. Dish Corporation acquired 100 percent of the common stock of Toll Company by issuing 10,000 shares of $10 par common stock with a market value of $60 per share. Summarized balance sheet data for the two companies immediately preceding the acquisition are as follows: Required: Determine the dollar amounts to be presented in the consolidated balance sheet for (1) total assets, (2) total liabilities, and (3) total stockholders' equity. Total assets = $2,550,000 ($1,200,000 + $1,300,000 + $50,000 GW) Total liabilities = $1,550,000 ($800,000 + $750,000) Total stockholders' equity = $1,000,000 [$400,000 + ($60 x 10,000 shares)]
How was the goodwill calculated in order to determine the amount of total assets
Posted Date: