Question: Can some answer this question for me please and be show all calculations please The balance sheets of Palisade Company and salisbury corporation were as
Can some answer this question for me please and be show all calculations please The balance sheets of Palisade Company and salisbury corporation were as follows on December 31, 2004: Palisade $ 268,000 440,eee 600,000 100,000 $1,400, 000 100,000 Salisbury 20,e00 480,00 200,000 200, 000 Equipment-net Buildings-net Land Curren Common Stock, $5 par Paid-in Capital Retained Earnings Total Liabilities and Stockholders' equity 120,000 100, 000 200,000 280, 000 200,000 $1,000, eee On January 1, 25 Palisade issued 3, of its shares with a market value of $40 per share in exchange for all of Salisbury's shares, and Salisbury was dissolved. Palisade paid $20,000 to register and issue the new common shares. It cost Palisade $50,000 in direct combination costs. Book values equal market values except that Salisbury's land is worth $250, oo0. Required: Prepare a Palisade balance sheet after the business combination on January 1, 2005. The balance sheets of Palisade Company and salisbury corporation were as follows on December 31, 2004: Palisade $ 268,000 440,eee 600,000 100,000 $1,400, 000 100,000 Salisbury 20,e00 480,00 200,000 200, 000 Equipment-net Buildings-net Land Curren Common Stock, $5 par Paid-in Capital Retained Earnings Total Liabilities and Stockholders' equity 120,000 100, 000 200,000 280, 000 200,000 $1,000, eee On January 1, 25 Palisade issued 3, of its shares with a market value of $40 per share in exchange for all of Salisbury's shares, and Salisbury was dissolved. Palisade paid $20,000 to register and issue the new common shares. It cost Palisade $50,000 in direct combination costs. Book values equal market values except that Salisbury's land is worth $250, oo0. Required: Prepare a Palisade balance sheet after the business combination on January 1, 2005
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