Compute the balance of Inventory to be reported in the consolidated balance sheet immediately after the acquisition. a. compute the balance of Buildings and Equipment, net to be reported in the consolidated balance sheet immediately after the acquisition b. compute the balance of Investment in DD Stock to be reported in the consolidated balance sheet immediately after the acquisition c. compute the balance of Goodwill to be reported in the consolidated balance sheet immediately after the acquisition d. compute the balance of Common Stock to be reported in the consolidated balance sheet immediately after the acquisition e. compute the balance of Retained Earnings to be reported in the consolidated balance sheet immediately after the acquisition
RR Records Inc. acquired all of DD Studios’ voting shares on January 1, 20x1, for P280,000. RR’s
a. compute the balance of Buildings and Equipment, net to be reported in the consolidated balance sheet immediately after the acquisition
b. compute the balance of Investment in DD Stock to be reported in the consolidated balance sheet immediately after the acquisition
c. compute the balance of Goodwill to be reported in the consolidated balance sheet immediately after the acquisition
d. compute the balance of Common Stock to be reported in the consolidated balance sheet immediately after the acquisition
e. compute the balance of
![Image 1
RR Records, Inc.
Balance Sheet
January 1, 20x4
P120,000 Accounts Payable
110,000 Taxes Payable .
70,000 Notes Payable
350,000
280,000 Retained Earnings
P930.000
P 75,000
50,000
Cash and Receivables .
Inventory.
Land..
Buildings and Equipment (net) .
Investment in DD stock.
300,000
400,000
105,000
P930.000
Common Stock.
Image 2+
DD Studios
Balance Sheet
January 1, 20x4
P 40,000 Accounts Payable
180,000 Notes Payable
350,000 Common Stock.
30,000 Additional Paid- in Capital
P 90,000
250,000
Cash and Receivables .
Inventory...
Buildings and Equipment (net) .
Goodwill.
100,000
200,000
(40,000)
P600.000
Retained Earnings.
P600.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fddb80c5d-c95d-4d56-a75b-427df9bd6e1d%2Ff2d15594-72a8-46a5-a0d6-c236606ca7d5%2Fzm2zjbm_processed.png&w=3840&q=75)
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