In 2018, PepsiCo, Inc. acquired SodaStream, a sparkling water maker, for $3,343 million in cash. At the acquisition date, SodaStream's identifiable net assets had fair values as follows (in millions): Inventories $176 Property, plant and equipment 193 Intangible assets 2,124 Other net assets (93) Required Prepare the journal entry necessary to record this acquisition on PepsiCo's books, assuming it is reported as a merger. Note: Provide all answers in millions. To record acquisit of SodaStream Debit Credit

In 2018, PepsiCo, Inc. acquired SodaStream, a sparkling water maker, for $3,343 million in cash. At the acquisition date, SodaStream's identifiable net assets had fair values as follows (in millions): Inventories $176 Property, plant and equipment 193 Intangible assets 2,124 Other net assets (93) Required Prepare the journal entry necessary to record this acquisition on PepsiCo's books, assuming it is reported as a merger. Note: Provide all answers in millions. To record acquisit of SodaStream Debit Credit

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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