Question
January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $895,385 Cash And We Purchase Apple And David Inc. They Use Acquisition Methods. We
January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $895,385 Cash And We Purchase Apple And David Inc. They Use Acquisition Methods. We Paid $521,987 Cash For Apple Inc. Also, $25,987 investment Expenses. We Paid $179,654 Cash For David Inc. Also, $10,957 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capital Insurance Inc. Please Answer The Following Questions
8
Calculates theTotal Cash After Transaction Took Place.
9
Calculate the Total GoodwillAfter Transaction Took Place.
10
Total Account Recivable After Transaction Took Place.
11
Calculate the Total Inventory After Transaction Took Place.
12
Calculates the Total Assets After Transaction Took Place.
13
Calculates theTotal Retain Earning After Transaction Took Plac
14
Calculates theTotal Capital After Transaction Took Place.
15
Calculates theTotal expnesnes related to this Transaction
D Apple inc Book V Fair V $210,000 $211,951 $180,000 $159,879 $65,000 $78,987 $90,000 95,852 $80,000 $69,586 David Inc. book V Fair V $15,000 $15,981 $30,000 $24,357 $80,000 $110,987 $70,000 $61,369 $25,000 $21,753 Assets Cash Account Receivable equipment Inventory Logistics(Cars & truck) Goodwill Total Assets Account Payable Capital Additional paid in Capital Retain Earning Total equity and Liabilities $144,454 $25,897 $145,000 $360,000 $80,000 $40,000 $25,000 $150,000 $40,000 $5,000Step by Step Solution
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