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15. Francis Company issued 1,300 shares of its outstanding shares of Zamora Company. The shares are selling at P150 per share. Frar incurred P20,000 for printing and registering the new shares. On the date of combinati the statement of financial position of Zamora Company as follows: Total Assets Total Liabilities Ordinary Shares, P100 par Share Premium Retained Earnings Total Liabilities & SHE P600.000 240,000 200,000 60,000 100.000 P600,000 CHAPTER 2: CONSOLIDATION - DATE OF ACQUISITION Page 193 The carrying values of the identifiable assets and liabilities are equal to their fair values except for the equipment with fair value lower than carrying value by P20,000. The increase in the stockholders' equity of Francis Company as a result of combination is: a P320,000 ь. Р205,000 с. Р240,000 d. P225,000 e. P-0- 16. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. P560,000 е. Рбо0,000 d. P205,000 e. P-0- 17. Assume that instend of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the stockholders' equity of Francis Company as a result of combination is: а. Р320,000 ь. Р205,000 . P240,000 d. P225,000 P-0. 18. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. Р560,000 с. Рб00,000 d. P675,000

15. Francis Company issued 1,300 shares of its outstanding shares of Zamora Company. The shares are selling at P150 per share. Frar incurred P20,000 for printing and registering the new shares. On the date of combinati the statement of financial position of Zamora Company as follows: Total Assets Total Liabilities Ordinary Shares, P100 par Share Premium Retained Earnings Total Liabilities & SHE P600.000 240,000 200,000 60,000 100.000 P600,000 CHAPTER 2: CONSOLIDATION - DATE OF ACQUISITION Page 193 The carrying values of the identifiable assets and liabilities are equal to their fair values except for the equipment with fair value lower than carrying value by P20,000. The increase in the stockholders' equity of Francis Company as a result of combination is: a P320,000 ь. Р205,000 с. Р240,000 d. P225,000 e. P-0- 16. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. P560,000 е. Рбо0,000 d. P205,000 e. P-0- 17. Assume that instend of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the stockholders' equity of Francis Company as a result of combination is: а. Р320,000 ь. Р205,000 . P240,000 d. P225,000 P-0. 18. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. Р560,000 с. Рб00,000 d. P675,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Can I have an answer in items 15,16,17, and 18? Thank you for your help!

15. Francis Company issued 1,500 shares of its P100 par value shares in exchange for all the outstanding shares of Zamora Company. The shares are selling at P150 per share. Francis incurred P20,000 for printing and registering the new shares. On the date of combination, the statement of financial position of Zamora Company as follows: Total Assets Total Liabilities Ordinary Shares, P100 par Share Premium Retained Earnings Total Liabilities & SHE P600.000 240,000 200,000 60,000 100.000 P600,000 CHAPTER 2: CONSOLIDATION - DATE OF ACQUISITION Page |93 The carrying values of the identifiable assets and liabilities are equal to their fair values except for the equipment with fair value lower than carrying value by P20,000. The increase in the stockholders' equity of Francis Company as a result of combination is: a. P320,000 b. P205,000 c. P240,000 d. P225,000 e. P-0- 16. The increase in the assets of Francis Company as a result of the combination is: a PS80,000 b. P560,000 с. Рб00,000 d. P205,000 е. Р-0- 17. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the stockholders' equity of Francis Company as a result of combination is: a. P320,000 b. Р205,000 c. P240,000 d. P225,000 e. P-0- 18. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. P560,000 c. P600,000 d. P675,000 e. P-0-
Transcribed Image Text:15. Francis Company issued 1,500 shares of its P100 par value shares in exchange for all the outstanding shares of Zamora Company. The shares are selling at P150 per share. Francis incurred P20,000 for printing and registering the new shares. On the date of combination, the statement of financial position of Zamora Company as follows: Total Assets Total Liabilities Ordinary Shares, P100 par Share Premium Retained Earnings Total Liabilities & SHE P600.000 240,000 200,000 60,000 100.000 P600,000 CHAPTER 2: CONSOLIDATION - DATE OF ACQUISITION Page |93 The carrying values of the identifiable assets and liabilities are equal to their fair values except for the equipment with fair value lower than carrying value by P20,000. The increase in the stockholders' equity of Francis Company as a result of combination is: a. P320,000 b. P205,000 c. P240,000 d. P225,000 e. P-0- 16. The increase in the assets of Francis Company as a result of the combination is: a PS80,000 b. P560,000 с. Рб00,000 d. P205,000 е. Р-0- 17. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the stockholders' equity of Francis Company as a result of combination is: a. P320,000 b. Р205,000 c. P240,000 d. P225,000 e. P-0- 18. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. P560,000 c. P600,000 d. P675,000 e. P-0-
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