Use the following information for the next two questions: Burns Co. issued 20,000 ordinary shares in...
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Use the following information for the next two questions: Burns Co. issued 20,000 ordinary shares in exchange for all the assets and liabilities of Sighing, Inc. On acquisition date, Sighing's net identifiable assets have a carrying amount of Php4,000,000 and a fair value of Php2,000,000. The transaction increased Burns' share premium by Php400,000. However, no goodwill resulted from the business combination. How much is acquisition- date fair value per share of the ordinary shares transferred by Burns? a. 20 b. 40 C. 80 d. 100 How much is acquisition-date fair value per share of the ordinary shares transferred by Burns? a. 20 b. 40 C. 80 d. 100 Use the following information for the next two questions: Burns Co. issued 20,000 ordinary shares in exchange for all the assets and liabilities of Sighing, Inc. On acquisition date, Sighing's net identifiable assets have a carrying amount of Php4,000,000 and a fair value of Php2,000,000. The transaction increased Burns' share premium by Php400,000. However, no goodwill resulted from the business combination. How much is acquisition- date fair value per share of the ordinary shares transferred by Burns? a. 20 b. 40 C. 80 d. 100 How much is acquisition-date fair value per share of the ordinary shares transferred by Burns? a. 20 b. 40 C. 80 d. 100
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date:
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