|Question 1:||A 100% asset acquisition of Sub Company by|
Parent Company (using cash and a bond issue) would most likely
require which of the following?
|b)||CR - Inventory $105,000|
|c)||CR - Common Stock $100,000|
|d)||None of the above|
|Sub Company Balance Sheet|
|Assets, Liabilities & Equities||Book Value||Assets, Liabilities & Equities||Book Value||Fair Value|
|Plant and Equipment||$600,000||Plant and Equipment||$400,000||$300,000|
|Less: Accumulated Depreciation||-$150,000||Less: Accumulated Depreciation||-$150,000|
|Total Assets||$980,000||Total Assets||$470,000||$650,000|
|Common Stock||$100,000||Common Stock||$100,000|
|Additional Paid In Capital||$560,000||Additional Paid In Capital||$60,000|
|Retained Earnings||$300,000||Retained Earnings||$270,000|
| Total Liabilities &|
|$980,000||Total Liabilities & Equity||$480,000|
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