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Stockholders of Swifty Company, Sheffield Company, and Sarasota Company are considering alternative arrangements for a business Your answer is partially correct. Prepare a balance sheet
Stockholders of Swifty Company, Sheffield Company, and Sarasota Company are considering alternative arrangements for a business Your answer is partially correct. Prepare a balance sheet for the business combination. Assume the following: Swifty Company acquires all the assets and assur all the liabilities of Sheffield and Sarasota Companies by issuing in exchange shares of its common stock to Sheffield Company and shares of its common stock to Sarasota Company. List assets in order of liquidity. Enter negalive account balance with negative sign preceding the number eg or parentheses eg SWIFTY COMPANY Balance sheet October Assets Assets ercept goodwill Goodwill $ Total Assets $ Liabilities and Stockholders' Equity Liabilities Common Stock $ Other Contributed Capital Retained Earnings Total Liabilities and Stockholders' Equity combination. Balance sheets and the fair values of each company's assets on October were as follows: Swifty Company shares have a fair value of $ A fair market price is not available for shares of the other companies because they are closely held. Fair values of liabilities equal book values. a Your answer is partially correct. Prepare a balance sheet for the business combination. Assume the following: Swifty Company acquires all the assets and assumes all the liabilities of Sheffield and Sarasota Companies by issuing in exchange shares of its common stock to Sheffield Company and shares of its common stock to Sarasota Company. List assets in order of liquidity. Enter negative account balance with negative sign preceding the number es or parentheses e
Stockholders of Swifty Company, Sheffield Company, and Sarasota Company are considering alternative arrangements for a business Your answer is partially correct.
Prepare a balance sheet for the business combination. Assume the following: Swifty Company acquires all the assets and assur
all the liabilities of Sheffield and Sarasota Companies by issuing in exchange shares of its common stock to Sheffield
Company and shares of its common stock to Sarasota Company. List assets in order of liquidity. Enter negalive account
balance with negative sign preceding the number eg or parentheses eg
SWIFTY COMPANY
Balance sheet
October
Assets
Assets ercept goodwill
Goodwill
$
Total Assets
$
Liabilities and Stockholders' Equity
Liabilities
Common Stock
$
Other Contributed Capital
Retained Earnings
Total Liabilities and Stockholders' Equity
combination. Balance sheets and the fair values of each company's assets on October were as follows:
Swifty Company shares have a fair value of $ A fair market price is not available for shares of the other companies because they
are closely held. Fair values of liabilities equal book values.
a
Your answer is partially correct.
Prepare a balance sheet for the business combination. Assume the following: Swifty Company acquires all the assets and assumes
all the liabilities of Sheffield and Sarasota Companies by issuing in exchange shares of its common stock to Sheffield
Company and shares of its common stock to Sarasota Company. List assets in order of liquidity. Enter negative account
balance with negative sign preceding the number es or parentheses e
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