Brewer Company acquired all of the outstanding ordinary shares of an acquiree paying P12,000,000 cash. The carrying amount and fair value of the assets and liabilities of the acquire were: Carrying amount Fair value Accounts receivable. Inventory 1,800,000 2,000,000 Property, plant and equipment 2,700,000 5,000,000 Accounts payable 10,000,000 13,000,000 Bonds payable 3,000,000 3,000,000 4,500,000 3,500,000 What amount should be recognized as gain on bargain purchase? a. 2,500,000 b. 8.000
Brewer Company acquired all of the outstanding ordinary shares of an acquiree paying P12,000,000 cash. The carrying amount and fair value of the assets and liabilities of the acquire were: Carrying amount Fair value Accounts receivable. Inventory 1,800,000 2,000,000 Property, plant and equipment 2,700,000 5,000,000 Accounts payable 10,000,000 13,000,000 Bonds payable 3,000,000 3,000,000 4,500,000 3,500,000 What amount should be recognized as gain on bargain purchase? a. 2,500,000 b. 8.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1
16900
2,400.00
10.00
Brewer Company acquired all of the outstanding ordinary
shares of an acquiree paying P12,000,000 cash. The carrying
amount and fair value of the assets and liabilities of the
acquire were:
Carrying amount
Fair value
Accounts receivable.
Inventory
1,800,000
2,000,000
Property, plant and equipment
2,700,000
5,000,000
Accounts payable
10,000,000
13,000,000
Bonds payable
3,000,000
3,000,000
4,500,000
3,500,000
What amount should be recognized as gain on
purchase?
bargain
a: 2,500,000
b. 8,000,000
C. 1,500,000
d.
0
964
OI A
2017
2018
2019
2020
2021
Goodwill
with nor
What am
Compan
a. 2,535
b. 2,100
c. 2,315
d. 2,305
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