Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $855,951 Cash And We Purchase Apple And David Inc. They Use Acquisition Methods. We

January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $855,951 Cash And We Purchase Apple And David Inc. They Use Acquisition Methods. We Paid $501,987 Cash For Apple Inc. Also, $24,339 investment Expenses. We Paid $109,754 Cash For David Inc. Also, $11,519 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capital Insurance Inc. Please Answer The Following QuestionsConsolidation.

1. Calculates the Total Capital After TransactionTook Place.

(2 )

2.Calculates the Total Assets After Transaction Took Place.

(2 )

3. Calculates theTotal Cash After Transaction TookPlace.

(2 )

4. Calculates the Total expenses related tothis Transaction

(2 )

5. Calculates the Total Account Payable related tothis Transaction

(2 )

6. Calculates theTotal Retain Earning AfterTransaction Took Place.

(2 )

7.Calculate the Total Inventory After Transaction TookPlace.

(2 )

8.Calculate the Total Goodwill After Transaction Took Place.

(2 )

9. Calculates the total (( Equity)) Paid in Capital related tothis Transaction

(2 )

10.Total Account Recivable After Transaction Took Place.

(2 )

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions