Ch 1 template - Date of Acquisition Book Fair Value Book...

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Unformatted text preview: Date of Acquisition Book Fair Value Book Fair Value Current Assets Current Liabilities Total Current Assets - - Total Current Liabilities - - Other Liabilities Fixed Assets Total Other Liabilities - - Total Fixed Assets - - Total Liabilities - - Intangibles Stockholders' Equity Common Stock Paid in Capital in Excess of Par Retained Earnings Total Equity - Total Intangibles - - Total Assets - - Total Liabilities and Equity - Net Assets - Purchase Price Cash Number of Shares exchanged Par Value of a share of stock Market Value of a share of stock Market Value of stock exchanged- Total purchase Price - Value Analysis Total Price Paid - Total Fair Value of Net Assets - Goodwill - Gain on Purchase of Business - Entry Account Name Debit (Credit) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Cash - Common Stock - Paid-in-Capital in Excess of Par - Goodwill - Gain on Purchase of Business - CHECK - Name of Company Being Acquired Johnson Company Date of Acquisition December 31, 20X1 Book Fair Value Book Fair Value Current Assets Current Liabilities Cash 40,000 40,000 Current Liabilities 25,000 25,000 Marketable Investments 60,000 66,000 Inventory 100,000 110,000 Total Current Assets 200,000 216,000 Total Current Liabilities 25,000 25,000 Other Liabilities Fixed Assets Bonds Payable 100,000 100,000 Land 30,000 72,000 Premium on Bonds Payable 4,000 Building (net) 150,000 288,000 Warranty Liability 12,000 Equipment (net) 80,000 145,000 Total Other Liabilities 100,000 116,000 Total Fixed Assets 260,000 505,000 Total Liabilities 125,000 141,000 Intangibles Stockholders' Equity Customer List 125,000 Common Stock 10,000 Paid in Capital in Excess of Par 140,000 Retained Earnings 185,000 Total Equity 335,000 Total Intangibles - 125,000 Total Assets 460,000 846,000 Total Liabilities and Equity 460,000 Net Assets 705,000 Name of Company Being Acquired Johnson Company Date of Acquisition December 31, 20X1 Book Fair Value Book Fair Value Current Assets Current Liabilities Cash 40,000 40,000 Current Liabilities 25,000 25,000 Marketable Investments 60,000 66,000 Inventory 100,000 110,000 Total Current Assets 200,000 216,000 Total Current Liabilities 25,000 25,000 Other Liabilities Fixed Assets Bonds Payable 100,000 100,000 Land 30,000 72,000 Premium on Bonds Payable 4,000 Building (net) 150,000 288,000 Warranty Liability 12,000 Equipment (net) 80,000 145,000 Total Other Liabilities 100,000 116,000 Total Fixed Assets 260,000 505,000 Total Liabilities 125,000 141,000 Intangibles Stockholders' Equity Customer List 125,000 Common Stock 10,000 Paid in Capital in Excess of Par 140,000 Retained Earnings 185,000 Total Equity 335,000 Total Intangibles - 125,000 Total Assets 460,000 846,000 Total Liabilities and Equity 460,000 Net Assets 705,000 Purchase Price Cash Number of Shares exchanged 40,000 Par Value of a share of stock 1 Market Value of a share of stock 20 Market Value of stock exchanged 800,000 Total purchase Price 800,000 Name of Company Being Acquired Johnson Company...
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Ch 1 template - Date of Acquisition Book Fair Value Book...

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