dditional Time Used: 07 minutes, 12 seconds. Question Completion Status: Cola King Company acquires all of the voting stock of Fizzy Beverage, paying the following amounts: Cash consideration to the former owners Fair value of new no-par common stock issued Registration fees on new stock issued, paid in cash Accounting, consulting, and attorney services, paid in cash $40,000 50,000 500 2,000 Fizzy has the following previously unreported intangible assets meeting the criteria for separate recognition as identifiable intangible assets. Favorable lease agreements Developed technology $ 3,000 30,000 Additional liabilities, (whose book value is 5 0) of $ 12,500 are recognized as a result of the acquisition Provide the consolidated balance sheet on December 31, 2020 given the following individual balances for the parent and the subsidiary Cola King Dr ( $ 30,000 Fiery Dron) $ 2.000 Consolidated Dr101 Current assets Property, plant & equipment, net Investment in Foy Identifiable intangible 18.000 600,000 90,000 40,000 Goodwill Liabilities Capital stock Retained earnings Accumulated other comprehensive income Treasury stock Total (568,000 (10,000) (180,000 110,000 12.500) 2400) (4,000) 2.000 IS 0 (300) 1200 SO Attach File Browse My Computer Browse Content Collection QUESTION 4 Sully Company's January 1, 2020 balance sheet is as follows: Assets liabilities & Fouit Click Save and Submit to save and submit. Click Save All Answers to save all answers Save AB A $ 99 dditional Time Used: 07 minutes, 12 seconds. Question Completion Status: Cola King Company acquires all of the voting stock of Fizzy Beverage, paying the following amounts: Cash consideration to the former owners Fair value of new no-par common stock issued Registration fees on new stock issued, paid in cash Accounting, consulting, and attorney services, paid in cash $40,000 50,000 500 2,000 Fizzy has the following previously unreported intangible assets meeting the criteria for separate recognition as identifiable intangible assets. Favorable lease agreements Developed technology $ 3,000 30,000 Additional liabilities, (whose book value is 5 0) of $ 12,500 are recognized as a result of the acquisition Provide the consolidated balance sheet on December 31, 2020 given the following individual balances for the parent and the subsidiary Cola King Dr ( $ 30,000 Fiery Dron) $ 2.000 Consolidated Dr101 Current assets Property, plant & equipment, net Investment in Foy Identifiable intangible 18.000 600,000 90,000 40,000 Goodwill Liabilities Capital stock Retained earnings Accumulated other comprehensive income Treasury stock Total (568,000 (10,000) (180,000 110,000 12.500) 2400) (4,000) 2.000 IS 0 (300) 1200 SO Attach File Browse My Computer Browse Content Collection QUESTION 4 Sully Company's January 1, 2020 balance sheet is as follows: Assets liabilities & Fouit Click Save and Submit to save and submit. Click Save All Answers to save all answers Save AB A $ 99