1516 1718 Solution please thanks i need to study in advance ? CHAPTER 2: CONSOLIDATION - DATE OF TYAACQUISITIONM01Page |93The carrying values of the identifiable assets and liabilities are equal to their fair valuesexcept for the equipment with fair value lower than carrying value by P20,000.The increase in the stockholders' equity of Francis Compay as a result of combination is:a. P320,000b. P205,000c. P240,000d. P225,000e. Р-0-old16. The increase in the assets of Francis Company as a result of the combination is:a. P580,000b. P560,000c. P600,000d. P205,000e. Р-0-17. Assume that instead of purchasing the outstanding voting shares, Francis Company acquirethe net assets of Zamora Company. The increase in the stockholders' equity of FrancisCompany as a result of combination is:а. Р320,000b. P205,000c. P240,000d. P225,000e. P-0-18. Assume that instead of purchasing the outstanding voting shares, Francis Company acquirethe net assets of Zamora Company. The increase in the assets of Francis Company as aresult of the combination is:a. P580,000b. P560,000с. Р600,000d. P675,000e. Р-0-babilonoo oado o000019000.0002 15. Francis Company issued 1,500 shares of its P100 par value shares in exchange for all theoutstanding shares of Zamora Company. The shares are selling at P150 per share. Francisincurred P20,000 for printing and registering the new shares. On the date of combination,the statement of financial position of Zamora Company as follows:P600,000240,000200,00060,000100,000P600,000Total AssetsTotal LiabilitiesOrdinary Shares, P100 parShare PremiumRetained EarningsTotal Liabilities & SHE

Given: 1500 shares issued in exchange of 200 shares of zomaro company @P150 Incurred P20,000 for new…

The carrying values of the identifiable assets and liabilities are equal to their fair values except for the equipment with fair value lower than carrying value by P20,000. The increase in the stockholders' equity of Francis Company as a result of combination is: а. Р320,000 b. P205,000 c. P240,000 d. P225,000 e. Р-0- 16. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. P560,000 c. P600,000 d. P205,000 P-0- e. 17. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the stockholders' equity of Francis Company as a result of combination is: а. Р320,000 b. Р205,000 c. P240,000 d. P225,000 e. P-0- 18. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. P560,000

The carrying values of the identifiable assets and liabilities are equal to their fair values except for the equipment with fair value lower than carrying value by P20,000. The increase in the stockholders' equity of Francis Company as a result of combination is: а. Р320,000 b. P205,000 c. P240,000 d. P225,000 e. Р-0- 16. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. P560,000 c. P600,000 d. P205,000 P-0- e. 17. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the stockholders' equity of Francis Company as a result of combination is: а. Р320,000 b. Р205,000 c. P240,000 d. P225,000 e. P-0- 18. Assume that instead of purchasing the outstanding voting shares, Francis Company acquire the net assets of Zamora Company. The increase in the assets of Francis Company as a result of the combination is: a. P580,000 b. P560,000

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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