Homework Four

Question $4$

Partially correct

Mark $1658$ out of $60\mathrm{.}00$

Flag question

Consolidated Balance Sheet Working Paper, Bargain Purchase

$\backslash$table$[[($in millions$),$Dr$($Cr$)],[$Paxon$,$Saxon$],[$Cash and receivables,$$1,860,$$$480],[$Inventory$,1,356,564],[$Equity method investments,$-,--],[$Investment in Saxon,$1,295,-.],[$Land$,390,180],[$Buildings and equipment $($net$),2,160,690],[$Current liabilities,$(1,212),(720)],[$Long$-$term debt,$(3,000),(270)],[$Common stock, par value,$(300),(60)],[$Additional paid$-$in capital,$(720),(210)],[$Retained earnings, January $1,(1,466),(507)],[$Dividends$,300,60],[$Sales revenue,$(18,000),(6,000)$