Question
Samson, Corporation acquired 80 percent of the outstanding common stock of Bolek Corporation on January 1, 2014 for $420,000 cash. Immediately after this acquisition the
Samson, Corporation acquired 80 percent of the outstanding common stock of Bolek Corporation on January 1, 2014 for $420,000 cash. Immediately after this acquisition the balance sheet information for the two companies was as follows (in thousands):
Assets
Cash$50$30$30
Receivables net753535
Inventories904070
Land18080130
Buildings net220120150
Equipment-net 1407550
Investment in Sun350--
Total Assets$1,085$380$465
Liabilities and Stockholders' Equity
Accounts payable$110$100$100
Other Liabilities2511090
Common stock; $20 par800150
Retained earnings15020
Total Equities$1,085$380
According to the above data, choose the right answer for the following cases:
First case:Implied fair value of Bolek
Second case:Book value of Bolek
Third case:Excess fair value over book value equal
Fourth case:Excess allocated to identifiable net assets
Fifthcase:Excess allocated to Goodwill
Sixth case:In Consolidated balance sheet, theinventorybalance should appear
Seventh case:In Consolidated balance sheet, theequipmentbalance should appear
Eighth case:In Consolidated balance sheet, theother liabilitiesbalance should appear
Ninth case:In Consolidated balance sheet, theCapital stockbalance should appear ...
Tenth case:In Consolidated balance sheet, theNoncontrolling interestbalance should appear ...
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