- A - inter 2 first (Protected View) Micro Home Insert Page Layout References Mailings Review View Protected View This file originated from an Internet location and might be unsafe. Click for more details. Enable Editis 3.1.2.1.1 11.1.2.1.3.11 4.19 5 16 17 18 19 10 11 | 12 | 13 | 14 15 | 16 | 17. Question four: (20marks) Barkley Corp purchased Hasher Comparty at 01/01/2020 for $3000,000 the following is the book value and fair market value for Hasher Co. book value fair market cash 50000 50000 account receivables 120000 100,000 inventory 250,000 300,000 patent 100,000 120,000 equipment net 1,000,000 1,200,000 Gold mine 1,500,000 1,400,000 3020000 account payable -150,000 -150,000 notes payable -360,000 -380,000 ordinary shares -2,000,000 premium -510,000 -3,020,000 The following infomation available for the year 2020: 1- Barkley co.used 10 years amortization for patent and estimated 500,000 ounces in Gold mine 2- In 31/05/2020 the company paid for successfully defended its patent 15,000$ as legal fees. 3. During the year the comparry extractedand sold 120,000 ounces gold. 4- At 31/12/2020 the company recovery value of units that purchased (Hasher) 2,700,000$ and its net book value including good will 2,750,000 Required Prepare the necessaryjoumal entries for (if any): 1) the purchasedofhasher company. 2) entries during the year of 2020. 3) all adjusting entry in 31 12/2020 of 3 Words: 579 O Type here to search