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Required Note: Round all answers to the thousands. For example. 5,220,600 would be 5,221,000. a. Prepare the joumal entry FS Bancorp made to record the
Required Note: Round all answers to the thousands. For example. 5,220,600 would be 5,221,000. a. Prepare the joumal entry FS Bancorp made to record the acquisition on its own books, as a stock acquisition. b. Prepare consolidation working paper eliminating entries (F) and (R) to combine the accounts of FS Bancorp and Anchor at the date of acquis Acquisition with a Bargain Gain On November 15, 2018, FS Bancorp inciacquired all of the stock of Anchor Bancorp in a business combination. Consideration paid to the former sharebolders of Anchor consisted of $30,805,000 in castrand 725,518 shares of 50.01 par value stock valued at 546.54/ share. Anchor's balance sheetat November 15,2018 , was as follows. Date-of-acquisition fair values are also displayed
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