Ch3hCo - E3.7(all in 000,000s Entry Bates Wilkens...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: E3.7 (all in 000,000s) Entry: Bates Wilkens Adjustments Consolidated Current Assets 700 200 Plant & Equip., net 3,500 700 Investment in Wilkins 1,900 Brand Names & TM Goodwill Current Liabilities 500 150 Long-term Liabilities 2,000 300 Common Stock 500 100 Additional PIC 2,000 50 Retained Earnings, end 1,100 300 6,100 6,100 900 900 C h a p t e r 3 h-- 1 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved P4.1 Ponon Santo Adjustments Consolidated Revenue 30,000 13,200 Cost of Goods Sold 18,000 4,000 Deprec./amort. Expenses 2,000 3,200 Interest/Other Expenses 5,400 1,000 GW Impairment Loss Eq. in Inc. of Santo 1,325 Net Income/Loss 5,925 5,000 Retained Earnings, beg. 4,800 4,000 Net Income/Loss 5,925 5,000 Dividends Declared Retained Earnings, end 10,725 9,000 Cash & Receivables 4,500 3,100 Inventory 5,000 5,200 Plant and equip., net 8,000 12,000 Patents Investment in Santo 26,325 Goodwill Current Liabilities 5,100 2,000 Long-term debt 20,000 3,300 Common Stock 8,000 6,000 Retained Earnings, end 10,725 9,000 43,825 43,825 20,300 20,300 C h a p t e r 3 h-- 2 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved P4.2 C h a p t e r 3 h-- 3 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved Problem 3.4 (in 000,000s) Cash Price Paid Difference Fair to Book: Fair Value Book Value Difference Capitalized Indentifiable Intangibles: Entry: C h a p t e r 3 h-- 4 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved P3.4 (continued) Paxon Saxon Adjustments Consolidated Revenue Expenses Gain on bargain purch. 200 Eq. in Net Inc. of S Net Income/Loss 200 Retained Earnings, beg. 2,410 845 Net Income/Loss 200 Dividends Declared Retained Earnings, end 2,610 845 Cash & Receivables 1,060 720 Inventory 1,700 900 Long-term MES 300 Land 650 175 Buildings & Equipment, n 2,400 600 Investment in S 2,000 Current Liabilities 1,500 1,000 Long-term debt 2,000 400 Common Stock 500 100 Additional PIC 1,200 350 Retained Earnings, end 2,610 845 7,810 7,810 2,695 2,695 C h a p t e r 3 h-- 5 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved P4.4 Paxon Saxon Adjustments Consolidated Sales Revenue 30,000 10,000 Cost of Goods Sold 26,000 8,000 Depreciation Expense 300 40 Interest Expense 250 25 Other Operating Exp. 2,770 1,600 Gain on sale securities 10 Eq. in Net Inc. of S 258 Net Income/Loss 938 345 Retained Earnings, beg. 2,610 845 Net Income/Loss 938 345 Dividends Declared 500 100 Retained Earnings, end 3,048 1,090 Cash & Receivables 3,100 800 Inventory 2,260 940 Long-term MES Land 650 300 Build. & Equip., net 3,600 1,150 Investment in S 2,158 Current Liabilities 2,020 1,200 Long-term debt 5,000 450 Common Stock 500 100 Additional PIC 1,200 350 Retained Earnings, end 3,048 1,090 11,768 11,768 3,190 3,190 C h a p t e r 3 h-- 6 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved One the next page are the balance sheets immediately prior to the purchase by Pandemic of 100% of the outstanding stock of Sniffles. Pandemic paid $2,900 cash....
View Full Document

This note was uploaded on 08/06/2011 for the course AMIS 624 taught by Professor Wallin during the Summer '11 term at Ohio State.

Page1 / 24

Ch3hCo - E3.7(all in 000,000s Entry Bates Wilkens...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online