Question: please help me solve this On January 1, Year 5, Green Inc purchased 100% of the common shares of Mansford Corp. for $348.000. Green's balance

please help me solve this
please help me solve this On January 1, Year 5, Green Inc
purchased 100% of the common shares of Mansford Corp. for $348.000. Green's
balance sheet data on this date just prior to this acquisition were
as follows: Cash Accounts receivable Inventory Land Buildings (net) Equipment (net) Corrying
Amount $ 351,050 167,850 275,420 126,950 251,950 79,650 $ 1,452,870 5 136,250
90,975 Tax Base $ 351,050 o 275,420 326,950 150,000 46,200 $ 1,149,620

On January 1, Year 5, Green Inc purchased 100% of the common shares of Mansford Corp. for $348.000. Green's balance sheet data on this date just prior to this acquisition were as follows: Cash Accounts receivable Inventory Land Buildings (net) Equipment (net) Corrying Amount $ 351,050 167,850 275,420 126,950 251,950 79,650 $ 1,452,870 5 136,250 90,975 Tax Base $ 351,050 o 275,420 326,950 150,000 46,200 $ 1,149,620 5 136,250 Current liabilities Deferred tax liability Non-current liabilities Common shares Retained earnings 385,200 840,445 $ 1,452,870 The balance sheet and other related data for Mansford are as follows MANSFORD CORP.-BALANCE SHEET At January 1, Year 5 Carrying Check my w The balance sheet and other related data for Mansford are as follows: MANSFORD CORP.-BALANCE SHEET At January 1, Year Carrying Amount Fair value Tax Base Cash 53, ele 5 53,800 $ 53,000 Accounts receivable 6. 63,400 63,400 Inventory 125,000 135,300 125,000 Land 8,00 223,000 58,000 Buildings (net) 34,00 37.000 16,300 Equipment (net) 25,000 21.00 14,600 5387.000 5 536,500 $ 359,100 Current liabilities $ 43,065 $ 43,065 $ 4,065 Non-current liabilities 152.600 155,000 152,600 Deferred tax liability 8,370 Common shares 103,900 Retained earnings 29.06 $ 387,000 ook rences Additional Information: As at January 1 Year 5. the estimated useful lives of the building and equipment were 15 years and 4 years respectively, and the term to maturity was 10 years for the non-current liabilities There has been no goodwill impairment since the date of acquisition For both companies, the income tax rate is 30% Deferred income taxes are recognized on the consolidated financial statement non in the marriarenrer sin hifloranti 400itional information: As at January 1. Year 5. the estimated useful lives of the building and equipment were 15 years and 4 years, respectively, and the term to maturity was 10 years for the non-current liabilities There has been no goodwill impairment since the date of acquisition For both companies, the income tax rate is 30% Deferred income taxes are recognized on the consolidated financial statement pertaining to the temporary differences arising from the acquisition differential equired Green Inc. Consolidated Balance Sheet at January 1, Year 5 cs Assets Cash $ eBook Print Accounts receivable Inventory Land Buildings (net) Equipment (net) Goodwill 56,850 231,250 410.720 549,950 288,950 103,450 eferences $ 1,641,170 $ 179.315 Liabilities and Equity Current liabilities Deferred tax liabilities Non-current liabilities Common shares Retained earnings (b) Prepare a schedule of changes to the acquisition differential for the period from January 1 Year 5, to December 31, Year 8. (Leave no cells blank - be certain to enter "o" wherever required. Input all amounts os positive values. Omit $ sign in your response.) Changes to Acquisition Differential Balance Changes Jan 3 Yr Sito 1 $ YA Balance Dec 31, Y $ Inventory Land Buildings (net) Equipment (net) Non-current liabilities 5 Deferred tax liability Goodwill Check my work (c) Prepare the consolidated balance sheet using the worksheet approach (Leave no cells blank-be certain to enter "O" wherever required. Input all amounts os positive values. Omit S sign in your response.) Green Inc Consolidated Financial Statements January 1, Year Entries Green Hansford Dr. Consolidated Statement of Financial Position Cash 5 Accounts receivable Inventory Investment in Hansford Acquisition differential Land Huildings (net) Equipment (net) Good111 5 Current Stabilities Deferred tax liability on-current liabilities Connon shares Retained earnings On January 1, Year 5, Green Inc purchased 100% of the common shares of Mansford Corp. for $348.000. Green's balance sheet data on this date just prior to this acquisition were as follows: Cash Accounts receivable Inventory Land Buildings (net) Equipment (net) Corrying Amount $ 351,050 167,850 275,420 126,950 251,950 79,650 $ 1,452,870 5 136,250 90,975 Tax Base $ 351,050 o 275,420 326,950 150,000 46,200 $ 1,149,620 5 136,250 Current liabilities Deferred tax liability Non-current liabilities Common shares Retained earnings 385,200 840,445 $ 1,452,870 The balance sheet and other related data for Mansford are as follows MANSFORD CORP.-BALANCE SHEET At January 1, Year 5 Carrying Check my w The balance sheet and other related data for Mansford are as follows: MANSFORD CORP.-BALANCE SHEET At January 1, Year Carrying Amount Fair value Tax Base Cash 53, ele 5 53,800 $ 53,000 Accounts receivable 6. 63,400 63,400 Inventory 125,000 135,300 125,000 Land 8,00 223,000 58,000 Buildings (net) 34,00 37.000 16,300 Equipment (net) 25,000 21.00 14,600 5387.000 5 536,500 $ 359,100 Current liabilities $ 43,065 $ 43,065 $ 4,065 Non-current liabilities 152.600 155,000 152,600 Deferred tax liability 8,370 Common shares 103,900 Retained earnings 29.06 $ 387,000 ook rences Additional Information: As at January 1 Year 5. the estimated useful lives of the building and equipment were 15 years and 4 years respectively, and the term to maturity was 10 years for the non-current liabilities There has been no goodwill impairment since the date of acquisition For both companies, the income tax rate is 30% Deferred income taxes are recognized on the consolidated financial statement non in the marriarenrer sin hifloranti 400itional information: As at January 1. Year 5. the estimated useful lives of the building and equipment were 15 years and 4 years, respectively, and the term to maturity was 10 years for the non-current liabilities There has been no goodwill impairment since the date of acquisition For both companies, the income tax rate is 30% Deferred income taxes are recognized on the consolidated financial statement pertaining to the temporary differences arising from the acquisition differential equired Green Inc. Consolidated Balance Sheet at January 1, Year 5 cs Assets Cash $ eBook Print Accounts receivable Inventory Land Buildings (net) Equipment (net) Goodwill 56,850 231,250 410.720 549,950 288,950 103,450 eferences $ 1,641,170 $ 179.315 Liabilities and Equity Current liabilities Deferred tax liabilities Non-current liabilities Common shares Retained earnings (b) Prepare a schedule of changes to the acquisition differential for the period from January 1 Year 5, to December 31, Year 8. (Leave no cells blank - be certain to enter "o" wherever required. Input all amounts os positive values. Omit $ sign in your response.) Changes to Acquisition Differential Balance Changes Jan 3 Yr Sito 1 $ YA Balance Dec 31, Y $ Inventory Land Buildings (net) Equipment (net) Non-current liabilities 5 Deferred tax liability Goodwill Check my work (c) Prepare the consolidated balance sheet using the worksheet approach (Leave no cells blank-be certain to enter "O" wherever required. Input all amounts os positive values. Omit S sign in your response.) Green Inc Consolidated Financial Statements January 1, Year Entries Green Hansford Dr. Consolidated Statement of Financial Position Cash 5 Accounts receivable Inventory Investment in Hansford Acquisition differential Land Huildings (net) Equipment (net) Good111 5 Current Stabilities Deferred tax liability on-current liabilities Connon shares Retained earnings

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