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how much is the total Shareholders equity after the business combinition

how much is the total Shareholders equity after the business combinition

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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30. Pls 

And also I want to ask if how much is the total Shareholders equity after the business combinition ? 

Thanks 

30. On January 2, 2020, P Company purchased the net asset of S Company by paying P850,000 cash and issuing shares of stocks at P3,110,000 fair market value. Book value and fair value data on the Statement of Financial Positions on January 2, 2020 are as follows: Р Company S Company Book Value Fair Value Book Value Fair Value 4,600,000 1,000,000 1,500,000 1,800,000 4,600,000 1,000,000 1,300,000 1,460,000 300,000 980,000 710,000 1,520,000 90,000 3,600,000 300,000 980,000 600,000 1,064,000 80,000 3,024,000 Cash Accounts Receivable Inventory Building & Equipment, net Goodwill 8,900,000 8,360,000 Total 570,000 600,000 960,000 1,470,000 3,600,000 1,000,000 570,000 1,000,000 1,600,000 900,000 5,400,000 8,900,000 Liabilities Share Capital Share Premium Retained Earnings Total P incurred and paid legal and brokerage fees of P25,600 for business combination; share issue costs of P23,000 and P12,000 indirect acquisition costs. It is determinable that contingency fee of P11,800 would be paid within the year. The total assets after the business combination is a. P11,991,200 b. P12,531,200 c. P13,381,200 d. P12,611,200
Transcribed Image Text:30. On January 2, 2020, P Company purchased the net asset of S Company by paying P850,000 cash and issuing shares of stocks at P3,110,000 fair market value. Book value and fair value data on the Statement of Financial Positions on January 2, 2020 are as follows: Р Company S Company Book Value Fair Value Book Value Fair Value 4,600,000 1,000,000 1,500,000 1,800,000 4,600,000 1,000,000 1,300,000 1,460,000 300,000 980,000 710,000 1,520,000 90,000 3,600,000 300,000 980,000 600,000 1,064,000 80,000 3,024,000 Cash Accounts Receivable Inventory Building & Equipment, net Goodwill 8,900,000 8,360,000 Total 570,000 600,000 960,000 1,470,000 3,600,000 1,000,000 570,000 1,000,000 1,600,000 900,000 5,400,000 8,900,000 Liabilities Share Capital Share Premium Retained Earnings Total P incurred and paid legal and brokerage fees of P25,600 for business combination; share issue costs of P23,000 and P12,000 indirect acquisition costs. It is determinable that contingency fee of P11,800 would be paid within the year. The total assets after the business combination is a. P11,991,200 b. P12,531,200 c. P13,381,200 d. P12,611,200
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