Q14: The following are the Condensed statement of Financial Position of Company A and on december 31,2020. A В Current Assets. 2562500 7639375 Plant and Equipment 768500 22918125 Current liability...


Q14: The following are the Condensed statement of Financial Position of Company A and on december<br>31,2020.<br>A<br>В<br>Current Assets.<br>2562500<br>7639375<br>Plant and Equipment<br>768500<br>22918125<br>Current liability<br>555000<br>300,000<br>long Term Debt.<br>2220000.<br>500,000<br>Share Premium<br>1250,000<br>100,000<br>Retained Earning.<br>1609000.<br>425000<br>Additional Paid-in<br>1516000.<br>437500<br>Сapital<br>79<br>Company C acquires the Net Asset of Both A and B. Paying Cash in Amount of 185000 and by issuing<br>198500 shares to A, Paying of 72000 and by issuing 54350 shares is 30 to B' Par cash in the amount by<br>issuing 54350 Shares value of Share is 30 and market value on acquisition is 40.<br>Requirments:<br>a) Entry that made in the Book of A.<br>b) Entry that made in the Book of B.<br>c) Entry that made in the Book of C.<br>

Extracted text: Q14: The following are the Condensed statement of Financial Position of Company A and on december 31,2020. A В Current Assets. 2562500 7639375 Plant and Equipment 768500 22918125 Current liability 555000 300,000 long Term Debt. 2220000. 500,000 Share Premium 1250,000 100,000 Retained Earning. 1609000. 425000 Additional Paid-in 1516000. 437500 Сapital 79 Company C acquires the Net Asset of Both A and B. Paying Cash in Amount of 185000 and by issuing 198500 shares to A, Paying of 72000 and by issuing 54350 shares is 30 to B' Par cash in the amount by issuing 54350 Shares value of Share is 30 and market value on acquisition is 40. Requirments: a) Entry that made in the Book of A. b) Entry that made in the Book of B. c) Entry that made in the Book of C.

Jun 11, 2022
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