{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

1-37 - P1-37 Business Combination $55 9000 = $495,000...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
P1-37 Business Combination $55 * 9000 = $495,000 Differential =495,000– 100%(100,000+150,000-71,200) = 316,200           BV FMV Differential Allowance 600 1400 (800) Inventory 78,500 35,000 (43,500) P&E net 226,000 500,000 274,000 Goodwill 86,500 Total 316,200           Journal entry to record acquisition of Toot-Toot Tuba net assets under purchase treatment: Journal entry to record acquisition of Toot-Toot Tuba net assets under
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern