What owners equity on the consolidated statements

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Problem 1: On December 31. 2016, Hiroko, Inc. acquired 100% of the stock of Kimono, Inc. for ¥1,BUU million cash. The Balance Sheet of Hiroko, Inc.. at December 31, 2016 had ¥?.200 million in total assets and 3152,1012} million in total liabilities. Shareholders' equity.I of Kimono as at December 31, 2016, equaled ¥1,050 million, with 3:750 million in common stock and 312300 million in retained earnings. Hiroko, Inc. determined that the identi?able assets and liabilities of Kimono are stated at fair value, with the exception of PPE, net, whose fair 1«value is HBO million higher than its value on Kimono' accounts, and customers' list assets that are not recorded on Kimono' books, but have a fair value of 35120 million. The owners' equity on the consolidated statements of the two companies right after take over will be

Reference no: EM132752782

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