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just i need to figure out part B should i get some help with it? Check my word On January 1, 2018, Marshall Company acquired

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just i need to figure out part B should i get some help with it?

Check my word On January 1, 2018, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $326,000 in long-term liabilities and 20,000 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Marshall paid $28,000 to accountants, lawyers, and brokers for assistance in the acquisition and another $13,000 in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were a: follows: Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Long-term liabilities Common stock-$i par value Common stock-$20 par value Additional paid-in capita Retained earnings, 1/1/18 Marshall Tucker Company Company Book Value Book Value $ 69, 700 $ 22, 600 341,000 155,000 370,000 212,000 249,000 254,000 499,000 270,000 196,000 52,500 (217,000) (41,100) (481000 326,000) 110,000 120,000) (360,000) 555,700) 479,000) Note: Parentheses indicate a credit balance. of 1 In Marshall's appraisal of Tucker, it deemed three accounts to be undervalued on the subsidiary's books: Inventory by $7,250, Land by $20,200, and Buildings by $34,600. Marshall plans to maintain Tucker's separate legal identity and to operate Tucker as a wholly owned subsidiary. a. Determine the amounts that Marshall Company would report in its postacquisition balance sheet. In preparing the postacquisition balance sheet, any required adjustments to income accounts from the acquisition should be closed to Marshall's retained earnings. Other accounts will also need to be added or adjusted to reflect the journal entries Marshall prepared in recording the acquisition. b. To verify the answers found in part (a), prepare a worksheet to consolidate the balance sheets of these two companies as of January 1, 2018 Complete this question by entering your answers in the tabs bele Required A Required B Required A Required B Determine the amounts that Marshall Company w postacquisition balance sheet, any required adjust Marshall's retained earnings. Other accounts will a prepared in recording the acquisition. Cash Receivables Inventory Land Buildings (net) Equipment (net) Total assets Accounts payable Long-term liabilities Common stock Additional paid-in capital Retained earnings Total liabilities and equities Consolidated Totals $ 50,300 496,000 582,000 503,000 769,000 248,500 $ 2,648,800 $ 258,100 1.133,000 130,000 540,000 587.700 $ 2,648,800 Worksheet January 1, 2018 Accounts Marshall Company Tucker Company Consolidation Entries Consolidated Totals Debit Credit Cash Receivables Inventory Land Buildings (net) Equipment (net) Investment in Tucker Total assets 0 $ + Accounts payable Long-term liabilities Common stock Additional paid-in capital Retained earnings, 1/1/18 Total liabilities and owners' equities $ 0 $ On January 1, 2018, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $326,000 in long-term liabilities and 20,000 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Marshall paid $28,000 to accountants, lawyers, and brokers for assistance in the acquisition and another $13,000 in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were a follows: In Marshall's appraisal of Tucker, it deemed three accounts to be undervalued on the subsidiary's books: Inventory by $7,250, Land by $20,200, and Buildings by $34,600. Marshall plans to maintain Tucker's separate legal identity and to operate Tucker as a wholly owned subsidiary. a. Determine the amounts that Marshall Company would report in its postacquisition balance sheet. In preparing the postacquisition balance sheet, any required adjustments to income accounts from the acquisition should be closed to Marshall's retained earnings. Other accounts will also need to be added or adjusted to reflect the journal entries Marshall prepared in recording the acquisition. b. To verify the answers found in part (a), prepare a worksheet to consolidate the balance sheets of these two companies as of January 1, 2018 Complete this question by entering your answers in the tabs bel

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