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x Business Combination Versus Asset Acquisition As part of a project. Webflow inc acquires these assets from Digtal 5 ea company in millionst: The in-process
x Business Combination Versus Asset Acquisition As part of a project. Webflow inc acquires these assets from Digtal 5 ea company in millionst: The in-process RWD has no alternative future use. Webfiow thays $335 million in cash for the acquired assets, and also pays 55 milion in cash for legal and advisory costs Note: Provide all ansivers in millions and round answers to the neurest whole number. For cxample. 16355,000 would be 16. a: Preport the journal entry to record the acquisition if ir qualifies as a business combination. The in-process A\&D has no altemative future use. Webllow pus $335 million in cash for the acquired arsets, arid aiso pays $5 million in cash for legal and advisory costs: Note: Provide all answers in milions and round arrwers to the nearest whole number. For example. 16,355,000 would be 16. a. Prepare the joumal entry to record the acquistion if it qualifies as a business combination
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