Solution-Prepare the journal entry to record the acquisition

Prepare the journal entry to record the acquisition

Assignment Help Financial Accounting

Reference no: EM13492946

On April 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company, paying $14,000,000. The book values and fair values of Vista's assets and liabilities acquired are shown below in dollar amounts:

Accounts	Book Value	Fair Value
Accounts Receivables	$1,900,000	$1,725,000
Inventories	$2,800,000	$4,000,000
Accounts Payable	$2,000,000	$2,000,000
Property, Plant and Equipment	$8,000,000	$12,625,000
Bonds Payable	$4,600,000	$4,225,000

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

Reference no: EM13492946

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Prepare the journal entry to record the acquisition : Using Excel, prepare the journal entry to record the acquisition by Bullseye Company.

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Prepare the journal entry to record the acquisition

Reference no: EM13492946

Reference no: EM13492946

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