Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quins On December , 2018 Arheo ngent 000.00 tely prior to the things West West Arturo Bok Values Faw Value 1.200.000 3.650.000 Expenses 675,000 25,000

image text in transcribed
Quins On December , 2018 Arheo ngent 000.00 tely prior to the things West West Arturo Bok Values Faw Value 1.200.000 3.650.000 Expenses 675,000 25,000 Ned income 5325.000) 50225.000 Retained caring. 11/19 590.000 200 000 Net income 325.000) 1225.0001 Dividends paid 90,000 50.000 Retained earnings 12/31/19 51.185.0001 435.000 Cash cash $110,000 185.000 505.000 Receivable and inventory 750,000 190,000 150.000 Property, plant and comment 1.400.000 450,000 550.000 Trademarks 300.000 160,000 240.000 Total assets $ 2.500,000 $385.000 Liabilities 5/500.000) $100.000 54165.0001 Common stock (400,000) 200.000) Additional paid in capital (475,000) (70,000) Retained earnings 11.185,000) (435.000 Total liabilities and equibles $(2.560,000 5(885.000) In addition, Arturo assessed a research and development project under way at Westmont to have a tar value of $180,000. Although not yet record on its took acties Lawyers, accountants and brokers for assistant in the acquisition and another $25.800 in connection with stockisance costs Required: What are the consolidated balances for the following accounts? Rotained earnings December 31, 2019 2. Goodwill (hp Quins On December , 2018 Arheo ngent 000.00 tely prior to the things West West Arturo Bok Values Faw Value 1.200.000 3.650.000 Expenses 675,000 25,000 Ned income 5325.000) 50225.000 Retained caring. 11/19 590.000 200 000 Net income 325.000) 1225.0001 Dividends paid 90,000 50.000 Retained earnings 12/31/19 51.185.0001 435.000 Cash cash $110,000 185.000 505.000 Receivable and inventory 750,000 190,000 150.000 Property, plant and comment 1.400.000 450,000 550.000 Trademarks 300.000 160,000 240.000 Total assets $ 2.500,000 $385.000 Liabilities 5/500.000) $100.000 54165.0001 Common stock (400,000) 200.000) Additional paid in capital (475,000) (70,000) Retained earnings 11.185,000) (435.000 Total liabilities and equibles $(2.560,000 5(885.000) In addition, Arturo assessed a research and development project under way at Westmont to have a tar value of $180,000. Although not yet record on its took acties Lawyers, accountants and brokers for assistant in the acquisition and another $25.800 in connection with stockisance costs Required: What are the consolidated balances for the following accounts? Rotained earnings December 31, 2019 2. Goodwill (hp

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics

Authors: Jay Thibodeau, Deborah Freier

4th edition

78025567, 978-0078025563

More Books

Students also viewed these Accounting questions