1. S acquired 100 percent of F for P275,000. At the date of acquisition, Fhad the following book and market values: (see image below) What is theamount of the "Investment in F" account on S's financial records at theacquisition date? *Book ValueMarket ValueP30,000Cash and Receivables P30,000100,000210,000InventoryPlant Assets (net)Current Liabilities120,000300,000(45,000)(115,000)(45,000)(115,000)(10,000)(170,000)Long-term DebfCommon StockRetained Earnings

If a company acquires all the shares of another company, it acquires 100% control over that company.…

1. S acquired 100 percent of F for P275,000. At the date of acquisition, F had the following book and market values: (see image below) What is the amount of the "Investment in F" account on S's financial records at the acquisition date? * Book Value Cash and Receivables P30,000 100,000 210,000 Market Value P30,000 120,000 300,000 Inventory Plant Assets (net) Current Liabilities Long-term Debt Common Stock Retained Earnings (45,000) (115,000) (10,000) (170,000) (45,000) (115,000)

1. S acquired 100 percent of F for P275,000. At the date of acquisition, F had the following book and market values: (see image below) What is the amount of the "Investment in F" account on S's financial records at the acquisition date? * Book Value Cash and Receivables P30,000 100,000 210,000 Market Value P30,000 120,000 300,000 Inventory Plant Assets (net) Current Liabilities Long-term Debt Common Stock Retained Earnings (45,000) (115,000) (10,000) (170,000) (45,000) (115,000)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 30E

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S acquired 100 percent of F for P275,000. At the date of acquisition, F had the following book and market values: (see image below) What is the amount of the “Investment in F” account on S’s financial records at the acquisition date?
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