fair value of the net assets held
13
ABC Corp. acquired all the assets and liabilities of XYZ Corporation by issuing shares of its common stock. On January 1, 2020, partial
|
|
ABC Corp. |
XYZ Corp. |
Combination |
|
Cash |
65,000 |
25,000 |
90,000 |
|
|
72,000 |
20,000 |
94,000 |
|
Inventory |
33,000 |
45,000 |
88,000 |
|
PPE (net) |
400,000 |
150,000 |
650,000 |
|
|
|
|
? |
|
Total Assets |
570,000 |
240,000 |
? |
|
|
|
|
|
|
Accounts payable |
50,000 |
25,000 |
75,000 |
|
Bonds payable |
250,000 |
100,000 |
350,000 |
|
Common stock, P2 par |
100,000 |
25,000 |
160,000 |
|
Share Premium |
65,000 |
20,000 |
245,000 |
|
|
105,000 |
70,000 |
? |
|
Total Liab and Equity |
570,000 |
240,000 |
? |
What is the fair value of the net assets held by XYZ Corp at the date of combination?
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