January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $955,955 Cash And We Purchase Apple And David Inc. They Use Acquisition Methods. We Paid $655,000 Cash For Apple Inc. Also, $18,988 investment Expenses. We Paid $185,000 Cash For David Inc. Also, $7250 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capital Insurance Inc
Apple inc.                                David inc.
Assets                               Book V           Fair V                      book V       Fair V
Cash                                          $210,000 $210,000              $15,000       $15,000
Account Receivable         $180,000 $160,000                $30,000      $25,000
equipment                       $65,000      $75,000                    $80,000       $105,000
Inventory                         $90,000          $95,000                    $70,000     $60,000
Logistics(Cars & truck)    $80,000          $70,000                   $25,000     $20,000
Total Assets
Account Payable                  $145,000 $140,000                    $25,000 $25,000
Capital                                 $360,000                                         $150,000
Add. Paid. Capital                 $80,000                                             $40,000
Retain Earning                 $40,000                                              $5,000

Please Answer The Following Questions
1. Total Assets After Transaction Took Place.
(2 نقطة)
2Total Cash After Transaction Took Place

3Total Goodwill After Transaction Took Place

4Total Retain Earning After Transaction Took Place.
(2 نقطة)
5Total Retain Earning After Transaction Took Place.
(2 نقطة)

Answer rating: 100% (QA)

1 Apple Inc David Inc Arab Cap Inc Arab Cap Inc After Merger Cash 210000 15000 89717 314717 Accounts ... View the full answer