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On January 1, 2019, Palk Corp. and Spraz Corp. had condensed balance sheets as follows: On January 1, 2019, Palk Corp Current assets Noncurrent assets

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On January 1, 2019, Palk Corp. and Spraz Corp. had condensed balance sheets as follows:

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On January 1, 2019, Palk Corp Current assets Noncurrent assets Total assets Current Long-term debt Stockholders' equity and Corp. had condensed balance sheets as follows: Palk Corp _ Spraz Corp _ s s s s s s Total and stockholders' equity S 99,000 125,000 224,000 42,000 70,000 112,000 224,000 s s s s s s 28,000 56,000 84,000 142000 70,000 84,000 On January 2, 2019, Palk borroued the entire $84,000 it needed to acquire 80% of the outstanding cornmon shares of Shares of are not actively traded on the market The loan was to be paid in ten equal annual principal payments, plus interest, beginning December 31, 2019. The excess consideration transferred orr the underlying book value of the acquired net assets was allocated 60% to inventory and 40% to goodwill. Question 4 What amount represents consolidated current assets at January 2, 2019? Question 5 What is the amount attributable to consolidated noncurrent assets at Janualy 2, 2019? Question 6 What are the total consolidated current liabilities at Janualy 2, 2019? Question 7 What is consolidated stockholders ' equity at January 2, 2019? On January 1, 2019, Palk Corp Current assets Noncurrent assets Total assets Current Long-term debt Stockholders' equity and Corp. had condensed balance sheets as follows: Palk Corp _ Spraz Corp _ s s s s s s Total and stockholders' equity S 99,000 125,000 224,000 42,000 70,000 112,000 224,000 s s s s s s 28,000 56,000 84,000 142000 70,000 84,000 On January 2, 2019, Palk borroued the entire $84,000 it needed to acquire 80% of the outstanding cornmon shares of Shares of are not actively traded on the market The loan was to be paid in ten equal annual principal payments, plus interest, beginning December 31, 2019. The excess consideration transferred orr the underlying book value of the acquired net assets was allocated 60% to inventory and 40% to goodwill. Question 4 What amount represents consolidated current assets at January 2, 2019? Question 5 What is the amount attributable to consolidated noncurrent assets at Janualy 2, 2019? Question 6 What are the total consolidated current liabilities at Janualy 2, 2019? Question 7 What is consolidated stockholders ' equity at January 2, 2019?

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