2. Assume that Par issues 15,000 shares of its stock for all of Sin’s outstanding shares.
a. Prepare journal entries to record the acquisition of Sin.
b. Prepare a balance sheet for Par Corporation immediately after the acquisition.
P 1-4
Allocation schedule and balance sheet
The balance sheets of Pub Corporation and Sun Corporation at December 31, 2010, are summarized
with fair value information as follows (in thousands):
Pub Corporation Sun Corporation
Book Value Fair Value Book Value Fair Value
Assets
Cash $115 $115 $ 10 $ 10
Receivables—net 40 40 20 20
Inventories 120 150 50 30
Land 45 100 30 100
Buildings—net 200 300 100 150
Equipment—net 180 245 90 150
Total assets $700 $950 $300 $460
Equities
Accounts payable $ 90 $ 90 $ 30 $ 30
Other liabilities 100 90 60 70
Capital stock, $10 par 300 100
Other paid-in capital 100 80
Retained earnings 110 30
Total equities $700 $300
On January 1, 2011, Pub Corporation acquired all of Sun’s outstanding stock for $300,000. Pub paid
$100,000 cash and issued a five-year, 12 percent note for the balance. Sun was dissolved.
REQUIRED
1. Prepare a schedule to show how the investment cost is allocated to identifiable assets and liabilities.
2. Prepare a balance sheet for Pub Corporation on January 1, 2011, immediately after the acquisition.
P 1-5
Journal entries and balance sheet for an acquisition
Pat Corporation paid $5,000,000 for Saw Corporation’s voting common stock on January 2, 2011, and
Saw was dissolved. The purchase price consisted of 100,000 shares of Pat’s common stock with a market
value of $4,000,000, plus $1,000,000 cash. In addition, Pat paid $100,000 for registering and issuing the
100,000 shares of common stock and $200,000 for other costs of combination. Balance sheet information
for the companies immediately before the acquisition is summarized as follows (in thousands):
Pat Saw
Book Value Book Value Fair Value
Cash $ 6,000 $ 480 $ 480
Accounts receivable—net 2,600 720 720
Notes receivable—net 3,000 600 600
Inventories 5,000 840 1,000
Other current assets 1,400 360 400
Land 4,000 200 400
Buildings—net 18,000 1,200 2,400
Equipment—net 20,000 1,600 1,200
Total assets $60,000 $6,000 $7,200
Accounts payable $ 2,000 $ 600 $ 600
Mortgage payable—10% 10,000 1,400 1,200
Capital stock, $10 par 20,000 2,000
Other paid-in capital 16,000 1,200
Retained earnings 12,000 800
Total equities $60,000 $6,000
Hasil (
Bahasa Indonesia) 1:
[Salinan]Disalin!
2. berasumsi bahwa Par masalah 15.000 saham nya untuk semua dosa saham biasa.a. Siapkan entri jurnal untuk merekam akuisisi dosa.b. mempersiapkan neraca Par Corporation segera setelah akuisisi.P 1-4Jadwal alokasi dan neracaNeraca Pub Corporation dan berjemur Corporation pada Desember 31, 2010, diringkasdengan nilai wajar informasi sebagai berikut (dalam ribuan):Pub Corporation matahari CorporationNilai buku nilai wajar nilai buku nilai wajarAsetUang tunai $115 $115 $ 10 $ 10Piutang-net 40 40 20 20Persediaan 120 150 50 30Tanah 45 100 30 100Bangunan — bersih 200 300 100 150Peralatan-bersih 180 245 90 150Total aset $700 $950 $300 $460EkuitasAccount dibayar $ 90 $ 90 $ 30 $ 30Kewajiban lainnya 100 90 60 70Modal saham, $10 par 300 100Lain modal disetor 100 80Saldo laba 110 30Total ekuitas $700 $300Pada tanggal 1 Januari 2011, Pub Corporation memperoleh semua saham biasa matahari untuk $300.000. Pub yang dibayar$100,000 tunai dan mengeluarkan catatan 12 persen lima tahun, untuk keseimbangan. Sun dibubarkan.DIPERLUKAN1. Siapkan jadwal untuk menunjukkan bagaimana biaya investasi yang dialokasikan untuk diidentifikasi aset dan kewajiban.2. Siapkan neraca Pub Corporation pada tanggal 1 Januari 2011, segera setelah akuisisi.P 1-5Entri jurnal dan neraca untuk akuisisiPat Corporation dibayar $5.000.000 untuk melihat Corporation suara saham umum pada tanggal 2 Januari 2011, danMelihat dibubarkan. Harga pembelian terdiri dari 100.000 saham saham biasa Pat's dengan pasarnilai $4.000.000, ditambah $1.000.000 tunai. Selain itu, Pat dibayar $100.000 untuk pendaftaran dan mengeluarkan100.000 saham saham biasa dan $200.000 untuk biaya lain dari kombinasi. Neraca informasibagi perusahaan-perusahaan sebelum akuisisi diringkas sebagai berikut (dalam ribuan):Pat SawNilai buku nilai buku nilai wajarUang tunai $ 6.000 $ 480 $ 480Piutang — bersih 2.600 720 720Catatan piutang — bersih 600 600 3.000Persediaan 5.000 1.000 840Aset lancar lainnya 1.400 360 400Tanah 4.000 200 400Bangunan — bersih 18.000 1.200 2.400Peralatan-bersih 20.000 1.600 1.200Total aset $60.000 $6.000 $7,200Account dibayar $ 2.000 $ 600 $ 600Hipotek yang harus dibayar — 10% 10.000 1.400 1.200Modal saham, $10 par 20.000 2.000Lain modal disetor 16.000 1.200Saldo laba 12.000 800Total ekuitas $60.000 $6.000
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