Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Old MathJax webview F25 David Inc. Apple inc Fair V Fair V book V Book V Assets $210.000 Cash $211.951 $15.981 $15.000 $180,000 Account Receivable

Old MathJax webview

image text in transcribed

image text in transcribed

image text in transcribed

F25 David Inc. Apple inc Fair V Fair V book V Book V Assets $210.000 Cash $211.951 $15.981 $15.000 $180,000 Account Receivable $159,879 $24.357 $30,000 equipment $65.000 $78,987 $80,000 $110.987 Inventory $90,000 $95,852 $70,000 $61.369 Logistics(Cars & truck) $80,000 $69,586 $25,000 $21.753 Goodwill $616.255 $234.447 Total Assets Account Payable $145,000 $144,454 $25,000 $25,897 Capital $360,000 $150.000 $208,550 Additional paid in Capital $80,000 $471.801 $40,000 Retain Earning $40.000 $5,000 Total equity and Liabilities January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $895,385 Cash And We Purchase Apple And David Inc. I Use Acquisition Methods We Paid $521,987 Cash For Apple Inc. Also, $25,987 investment Expenses. We Paid $179,654 Cash F David Inc. Also, $10,957 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capit Insurance Inc. Please Answer The Following Questions 4 TotalConsolidated Retain Earning * (1 Point) Enter your answer 5 * Total consolidated Capital (1 Point) 3 TotalConsolidated Assets (1 Point) Enter your

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

Cornerstones Of Cost Management

Authors: Don R. Hansen, Maryanne M. Mowen

3rd Edition

9781305147102, 1285751787, 1305147103, 978-1285751788

Students also viewed these Accounting questions