QUESTIONS On December 31, 2020, Coprio angured of way Company's con shen 665,000 ch dyshuance sheets 5 5 70.000 000 Ash Cash Accounts Receivables Machinery & Equipment (Net) Land Buildings (net) 50 000 40,000 260.000 120.000 100,000 Current Payable Notes Payable Stockholders' Equity Common Stock Additional Capital Retained Earrings Total 100 000 240.000 130.000 600.000 600,000 Total The fair values of all of Fury's assets and liabilities were equal to their book values except for the following Fair Value Machinery & Equipment $ 320,000 150,000 uildings 175,000 Land cording this acquisition, push-down accounting was used. Save AA uired: and the area afectarkan Rauhanka Dorohor 21 2020 TE And Submit to save and submit. Click Save All Answers to save all answers. Bu Total 600.000 Totaal The fair values of all of Fuzzy's assets and liabilities were equal to their book values except for the following: Fair Value Machinery & Equipment $ 320,000 Land 150,000 Buildings 175,000 ET In recording this acquisition, push-down accounting was used. Required: 1) Record the acquisition of Fuzzy's stock on Braun's books on December 31, 2020. 2) Record any entries that would be made on December 31, 2020, on Fuzzy's books related to the business combination 3) Present all consolidating entries that would appear in the worksheet to prepare Braun's consolidated balance sheet immediately after the combination 4) Present all consolidating entries that would appear in the worksheet to prepare Braun's consolidated balance sheet immediately after the combination IF Push-Down Accounting is NOT implemented. > !!! V V or the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 10pt U Arial Paragraph Ce All Answers to save all answers. QUESTIONS On December 31, 2020, Coprio angured of way Company's con shen 665,000 ch dyshuance sheets 5 5 70.000 000 Ash Cash Accounts Receivables Machinery & Equipment (Net) Land Buildings (net) 50 000 40,000 260.000 120.000 100,000 Current Payable Notes Payable Stockholders' Equity Common Stock Additional Capital Retained Earrings Total 100 000 240.000 130.000 600.000 600,000 Total The fair values of all of Fury's assets and liabilities were equal to their book values except for the following Fair Value Machinery & Equipment $ 320,000 150,000 uildings 175,000 Land cording this acquisition, push-down accounting was used. Save AA uired: and the area afectarkan Rauhanka Dorohor 21 2020 TE And Submit to save and submit. Click Save All Answers to save all answers. Bu Total 600.000 Totaal The fair values of all of Fuzzy's assets and liabilities were equal to their book values except for the following: Fair Value Machinery & Equipment $ 320,000 Land 150,000 Buildings 175,000 ET In recording this acquisition, push-down accounting was used. Required: 1) Record the acquisition of Fuzzy's stock on Braun's books on December 31, 2020. 2) Record any entries that would be made on December 31, 2020, on Fuzzy's books related to the business combination 3) Present all consolidating entries that would appear in the worksheet to prepare Braun's consolidated balance sheet immediately after the combination 4) Present all consolidating entries that would appear in the worksheet to prepare Braun's consolidated balance sheet immediately after the combination IF Push-Down Accounting is NOT implemented. > !!! V V or the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 10pt U Arial Paragraph Ce All Answers to save all answers
