Prepare the journal entry to record acquisition by bullseye

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Reference no: EM13851547

Problem-

On Apnl 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company. paying 514,000,000 The book values and fair values of Vista's assets and liabhties acquired are shoat, below in dollar amounts

Accounts

Book Value

Falr Value

Accounts Receivables

51.900.000

51.725.000

Inventones

$2.800.000

£4.000.000

Accounts Payable

$2.000.000

52.000000

Property, Plant and Egiement

14000.000

512.625.000

Bonds Payable

54.600.000

54.225.000

1 Using Excel. prepare the journal entry to record the acquisition by Bullseye Company

2 Submit your solution in same Excel file as for Problem 1.

Reference no: EM13851547

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