In 2018, PepsiCo, Inc. acquired SodaStream, a sparkling water maker, for $6,686 million in cash. At the acquisition date, SodaStream's identifiable net assets had fair values as follows (in millions): Inventories $352 Property, plant and equipment 386 Intangible assets. Other net assets 4,248 (186) 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. Property, plant and equipment Intangible assets Goodwill v V v V Inventories Other net assets To record acquisition of SodaStream. Debit 352 386 4,248 1,886 0 0 Credit 0x 0✔ 0✔ 0 6,686 x 186✔ Next

In 2018, PepsiCo, Inc. acquired SodaStream, a sparkling water maker, for $6,686 million in cash. At the acquisition date, SodaStream's identifiable net assets had fair values as follows (in millions): Inventories $352 Property, plant and equipment 386 Intangible assets. Other net assets 4,248 (186) 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. Property, plant and equipment Intangible assets Goodwill v V v V Inventories Other net assets To record acquisition of SodaStream. Debit 352 386 4,248 1,886 0 0 Credit 0x 0✔ 0✔ 0 6,686 x 186✔ Next

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 30E

See similar textbooks

Similar questions

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 acquisition of SodaStream. くくくくくく Debit Credit
Asap
On January 1, 2010 Hand acquires 100% of Finger in a statutory merger. At acquisition date the following were the book values and fair values of fixed assets of these two companies: Book Value. Fair Value Hand 900,000 800,000 Finger 200,000 300,000 a. What is consolidated fixed assets under the acquisition method b. What is consolidated fixed assets under the purchase method c.What is consolidated fixed assets under the pooling of interests method thank you
Need Answer of this Question
In a pre-2009 business combination, Acme Company acquired all of Brem Company’s assets and liabilities for cash. After the combination Acme formally dissolved Brem. At the acquisition date, the following book and fair values were available for the Brem Company accounts:In addition, Acme paid an investment bank $25,000 cash for assistance in arranging the combination.a. Using the legacy purchase method for pre-2009 business combinations, prepare Acme’s entry to record its acquisition of Brem in its accounting records assuming the following cash amounts were paid to the former owners of Brem:1. $610,000.2. $425,000.b. How would these journal entries change if the acquisition occurred post-2009 and therefore Acme applied the acquisition method?
The book values and fair values of fixed assets of these two companies
Constructing the Consolidated Balance Sheet at Acquisition On January 1 of the current year, Healy Company purchased all of the common shares of Miller Company for $500,000 cash. Balance sheets of the two firms immediately after the acquisition follow: During purchase negotiations, Miller's plant assets were appraised at $425,000 and all of its remaining assets and liabilities were appraised at values approximating their book values. Healy also concluded that an additional $85,000 (for goodwill) demanded by Miller's shareholders was warranted because Miller's earning power was better than the industry average. Prepare the consolidating adjustments and the consolidated balance sheet at acquisition. Use negative signs with consolidating adjustment answers, when appropriate. Current assets Investment in Miller Healy Miller Consolidating Consolidated Company Company Adjustments Balance Sheet $1,400,000 $80,000 $ 500,000 3,000,000 410,000 Plant assets, net Goodwill Total assets $4,900,000…
Calculate fixed assets
In a pre-2009 business combination, Acme Company acquired all of Brem Company's assets and liabilities for cash. After the combination, Acme formally dissolved Brem. At the acquisition date, the following book and fair values were available for the Brem Company accounts: Items Current assets Equipment Trademark Liabilities View transaction list Book Values $ 88,400 131,000 Common stock Retained earnings In addition, Acme paid an investment bank $29,200 cash for assistance in arranging the combination. (74,400) (100,000) (45,000) Required: a. Using the legacy purchase method for pre-2009 business combinations, prepare Acme's entry to record its acquisition of Brem in its accounting records assuming the cash amounts of $668,400 and $457,400 were paid to the former owners of Brem. b. How would these journal entries change if the acquisition occurred post-2009 and therefore Acme applied the acquisition method? Note: If no entry is required for a transaction/event, select "No Journal entry…
Allerton Company acquires all of Deluxe Company’s assets and liabilities for cash on January 1, 2018, and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts:Prepare Allerton’s entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts:1. $145,000.2. $110,000.
Allerton Company acquires all of Deluxe Company's assets and liabilities for cash on January 1, 2024, and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts: Items Current assets Building Land Trademark Goodwill Liabilities Common stock Retained earnings View transaction list Required: a. and b. Prepare Allerton's journal entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $157,000 and $92,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Next >
SUBSEQUENT TO DATE OF ACQUISITION CHAPTER 3: CONSOLIDATION- 21. Patriotism Company purchased 70% of Strength Company on January 2, 2022 for P420,000. At that date Strength had inventory and plant assets with market values greater than book values in the amount of P50,000 and P90,000, respectively. The inventory and plant assets were assigned to have a remaining life of six months and five years, respectively. Strength Company has 2022 income and dividends of P160,000 and P60,000, respectively and 2023 income and dividends of P210,000 and P80,000, respectively. The balance of non-controlling interest account on December 31. 180,000 NU beg (420K 787. x30%.) 2023 must be: a. P223,200 b. P276,000 P169,200 с. d. P136,800 22. Jenny Company acquired 80% of the equity share capital of Smith