Company, which was liquidated immediately thereafter. Cost of issuing equity instruments amounting to P5,000 were incurred and paid by BENI Co., aside from the indirect acquisition costs amounting P3,000. The Statement c Financial Position for BENI Co. and the Statement of Financial for the combined company under the purchase method are presented below. BENI CO. Combined BENI CO. Combined 100,000 Accounts Payable 180,000 Bonds Payable Cash 70,000 40,000 100,000 60,000 Accounts Receivable 130,000 160,000 Inventory 100 000 220.000 Ordinary Share Capital 200 000 240 000
Company, which was liquidated immediately thereafter. Cost of issuing equity instruments amounting to P5,000 were incurred and paid by BENI Co., aside from the indirect acquisition costs amounting P3,000. The Statement c Financial Position for BENI Co. and the Statement of Financial for the combined company under the purchase method are presented below. BENI CO. Combined BENI CO. Combined 100,000 Accounts Payable 180,000 Bonds Payable Cash 70,000 40,000 100,000 60,000 Accounts Receivable 130,000 160,000 Inventory 100 000 220.000 Ordinary Share Capital 200 000 240 000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
Problem 26E
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REQUIRED: DETERMINE THE FAIR VALUE OF THE SHARES ISSUED BY BENI CO. TO ACQUIRE PATTY.
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