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PR Company pays $20,000 in cash and issues no-par stock with a fair value of $35,000 to acquire all of SX Corporation's net assets. SX's
PR Company pays $20,000 in cash and issues no-par stock with a fair value of $35,000 to acquire all of SX Corporation's net assets. SX's balance sheet at the date of acquisition is a Current aw Property plant & equipment, ne SX Corporation Book value Fair valus $4,000 $5,000 13,000 1,500 3,000 14,000 $20,000 $3,600 14600 13500 11.000 Identhable intangible assets Toulass Current Sables Long term dele Captal shoo 4,000 Atened sings 5500 Accumulated other comprehensive incime (1.000 Trey mock PL600 Total Sables & 0.000 PR's consultants find these items that are not reported on SC's balance sheet Current assets Property, plant & equipment, net Identifiable intangible assets Total assets $4,000 $8,000 13,000 9,500 3,000 14,000 $20,000 Current liabilities $3,600 $4,600 Long-term debt 13.500 11,800 Capital stock 4,000 Retained earnings 9,500 Accumulated other comprehensive income (1,000) Treasury stock (9,600) $20,000 Total liabilities & equity PR's consultants find these items that are not reported on SX's balance sheet: Potential contracts with new customers Advanced production technology Future cost savings Customer lists Fair value $9,500 4,000 2,000 3,000 Outside consultants are paid $400 in cash, and registration fees to issue PR's new stock are $700. The question below relates to the entry or entries PR makes to rece PR records expenses of Oso 01400 Multants find these items that are not reported on SX's balance sheet Potential contracts with new customers Advanced production technology Future cost savings Customer lists Fair value $9.500 4,000 2,000 3.000 Outside consultants are paid $400 in cash, and registration fees to issue PR's new stock are $700. The question below relates to the entry or entries PR makes to record the acquisition on PR records expenses of 060 Os400 O$700 O$1,100
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