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On January 1 20X2. Piend Corporation acquired all of Stork Corporation's assets and liabilities by issuing shares of its common stock, Partial balance sheet data

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On January 1 20X2. Piend Corporation acquired all of Stork Corporation's assets and liabilities by issuing shares of its common stock, Partial balance sheet data for the companies prior to the business combination and immediately following the combination are as follows plend Co Stork Corp Book Value Book Value $0. $ 3. 50.00 See 35,000 210,000 Combined Entity $ 50, 88.00 438, Assets Cash Accounts Receivable Inventory Buildings & Equipment (net) Goodwill Total Assets Liabilities and Equities Accounts Payable Bonds Payable Bond Premium Common Stock, 55 par Additional Paid in Capital Metained Earnings Total Liabilities & Equities $185. 3 $ 14,00 20.800 $12.000 150.000 5.600 100.000 65.000 $. 220. 5. 120,00 40,000 28.000 23 $185.000 5450,00 5 Required: a. What number of shares did Plend issue to acquire Stork's assets and liabilities? Number of shares b. What was the total market value of the shares issued by Plend? Matue of shares c. What was the fair value of the inventory held by Stork at the date of combination! c What was the fair value of the inventory held by Stork at the date of combination? Fair value of the inventory d. What was the fair value of the identifiable net assets held by Stork at the date of combination Fair value of the nete e. What amount of goodwill, if any, will be reported by the combined entity immediately following the combination Amount ot good What balance in retained earnings will the combined entity report immediately to owing the combination? Bocorro ed aga Gif the depreciable assets bedby Sconched an average remaining of 10 years of the date of acoustionwhat amount of depreciation expensew be reported on those assets in 20x22

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