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Total Costs P3,720,000 Goodwill-2:: Debit To Expenses

The document contains information about various business combination transactions, including total costs of acquisition, fair value of net assets acquired, goodwill amounts, purchase prices, shares issued, and pre-acquisition expenses. It provides details on the calculation of goodwill for multiple acquisitions, including assets acquired, cash paid, and resulting goodwill amounts.

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Love Freddy
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27 views3 pages

Total Costs P3,720,000 Goodwill-2:: Debit To Expenses

The document contains information about various business combination transactions, including total costs of acquisition, fair value of net assets acquired, goodwill amounts, purchase prices, shares issued, and pre-acquisition expenses. It provides details on the calculation of goodwill for multiple acquisitions, including assets acquired, cash paid, and resulting goodwill amounts.

Uploaded by

Love Freddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Total costs P3,720,000

Less: Fair value of net assets acquired 180,000


Goodwill-2: b

Purchase price P250,000


Less: Fair value of net assets acquired 180,000
Goodwill P70,000

Purchase price P250,000


Less: Fair value of net assets acquired Total costs
P3,720,000
Less: Fair value of net assets acquired 180,000
Goodwill-2: b

Purchase price P250,000


Less: Fair value of net assets acquired 180,000
Goodwill P70,000

Purchase price P250,000


Less: Fair value of net assets acquired P 50,000
Pre-acquisition audit fee 40,000
General administrative costs 15,000
Legal fees for business combination 32,000
Other acquisition costs 6,000
Total P 143,000

P112,500

Goodwill P 200,000
Fair value of net assets acquired 1,600,000
Price paid P1,800,000

Shares to be issued (P1,800,000 ÷ P40) 45,000 shares

14-21: c

Total assets of Pablo before acquisition at book value P 700,000


Total assets acquired from Siso at fair value (100,000 +440,000) 540,000
Total assets 1,240,000
Less: cash paid (15,000 + 25,000) 40,000
Total assets after cash payment 1,200,000
Goodwill to be recognized (Sched 1) 195,000
Total assets after combination 1,395,000

: dCapital stock issued at par (10,000 shares x P10) P100,000


APIC (10,000 shares x P40) 400,000
Total P500,000
Debit to expenses:
Broker’s fee P 50,000
Pre-acquisition audit fee 40,000
General administrative costs 15,000
Legal fees for business combination 32,000
Other acquisition costs 6,000
Total P 143,000

P112,500

Goodwill P 200,000
Fair value of net assets acquired 1,600,000

Goodwill P 200,000
Fair value of net assets acquired 1,600,000
Price paid P1,800,000

Shares to be issued (P1,800,000 ÷ P40) 45,000 shares

14-21: c

Total assets of Pablo before acquisition at book value P 700,000


Total assets acquired from Siso at fair value (100,000 +440,000) 540,000
Total assets 1,240,000
Less: cash paid (15,000 + 25,000) 40,000
Total assets after cash payment 1,200,000
Goodwill to be recognized (Sched 1) 195,000
Total assets after combination 1,395,000

: d

Goodwill P 200,000
Fair value of net assets acquired 1,600,000
Price paid P1,800,000

Shares to be issued (P1,800,000 ÷ P40) 45,000 shares

Goodwill P 200,000
Fair value of net assets acquired 1,600,000
Price paid P1,800,000

Shares to be issued (P1,800,000 ÷ P40) 45,000 shares

14-21: c

Total assets of Pablo before acquisition at book value P 700,000


Total assets acquired from Siso at fair value (100,000 +440,000) 540,000
Total assets 1,240,000
Less: cash paid (15,000 + 25,000) 40,000
Total assets after cash payment 1,200,000
Goodwill to be recognized (Sched 1) 195,000
Total assets after combination 1,395,000

: d

Goodwill P 200,000
Fair value of net assets acquired 1,600,000
Price paid P1,800,000

Shares to be issued (P1,800,000 ÷ P40) 45,000 shares

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