Pregunta 2 Necesita calificación On August 15, 2021. Willis inc. acquired all of the outstanding common stock of Bork Inc. paying $7,400,000 cash. The book values and fair values of Bork's assets and liabilities are listed below: Accounts receivable Inventories Property, plant, and equipment Accounts payable Bonds payable Book Value Fair Value $1,080,000 $975,000 1,620,000 2,400,000 5,400,000 6,975,000 1,800,000 1,800,000 2,700,000 2,475,000 Required: Prepare the journal entry to record the acquisition by willis Inc.

Pregunta 2 Necesita calificación On August 15, 2021. Willis inc. acquired all of the outstanding common stock of Bork Inc. paying $7,400,000 cash. The book values and fair values of Bork's assets and liabilities are listed below: Accounts receivable Inventories Property, plant, and equipment Accounts payable Bonds payable Book Value Fair Value $1,080,000 $975,000 1,620,000 2,400,000 5,400,000 6,975,000 1,800,000 1,800,000 2,700,000 2,475,000 Required: Prepare the journal entry to record the acquisition by willis Inc.

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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