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Question Record the journal entry on the books of Pham Company to record the acquisition on January 1 , 2 0 2 4 . (
Question Record the journal entry on the books of Pham Company to record the acquisition on January Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries. View Policies Current Attempt in Progress Sarasota Company acquired the assets except for cash and assumed the liabilities of Pharoah Company on January paying $ cash. Pharoah Company's December balance sheet, reflecting both book values and fair values, showed: tableBook Value,Fair ValueAccounts receivable net$$InventoryLandBuildings netEquipment netTotal$$Accounts payable,$$Note payable,Common stock, $ par value,Other contributed capital,Retained earnings,Total$ As part of the negotiations, Sarasota Company agreed to pay the former stockholders of Pharoah Company $ cash if the postcombination earnings of the combined company Sarasota reached certain levels during and The fair value of contingent consideration was estimated to be $ on the date of acquisition. Need help completing chart and missing one account title and explanation
Question Record the journal entry on the books of Pham Company to record the acquisition on January Credit account titles are
automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles
and enter for the amounts. List all debit entries before credit entries.
View Policies
Current Attempt in Progress
Sarasota Company acquired the assets except for cash and assumed the liabilities of Pharoah Company on January paying $ cash. Pharoah Company's December balance sheet, reflecting both book values and fair values, showed:
tableBook Value,Fair ValueAccounts receivable net$$InventoryLandBuildings netEquipment netTotal$$Accounts payable,$$Note payable,Common stock, $ par value,Other contributed capital,Retained earnings,Total$
As part of the negotiations, Sarasota Company agreed to pay the former stockholders of Pharoah Company $ cash if the postcombination earnings of the combined company Sarasota reached certain levels during and The fair value of contingent consideration was estimated to be $ on the date of acquisition.
Need help completing chart and missing one account title and explanation
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