On May 1 Soriano Co Reported the Following

Reported the following account balances along with their estimated fair values. Receivables Inventory Copyrights Patented technology Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equities Carrying Amount Fair Value 137500 137500 82000 82000 148500 511500 903000.

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Carrying Fair Value 245 300 79200 505500 658000 Amount Receivables 2 245 300 79200 125500 875000 24 Inventory Copyrights Patented technology 1325000 1488000 253000 729800 Total assets Current liabilities 24 24.

. Carrying Value Fair Value Receivables 90000 90000 Inventory 75000 75000 Copyrights QA On June 30 2015 Wisconsin Inc issued 158100 in debt and 21600 new shares of its 10 par value stock to Badger Company owners in exchange for all of the. See the answer See the answer done loading. Carrying Amount Fair Value.

On May 1 Soriano Co. Reported the following account balances along with their estimated fair values. Reported the following account balances along with their estimated fair values.

PROBLEM 1 As at December 31 2019 the accounting records of Soriano Medical Center showed the following balances after closing the temporary accounts. 79400 79400 90600 90600 133000 556000 895000 764000 1198000 1490000 234000 234000 650000 638900 100000 214000 1198000 On that day Zambrano paid cash to acquire all of the assets and liabilities of Soriano which will cease to exist as a separate entity. On May 1 Soriano Co.

Reported the following account balances along with their estimated fair values. Reported the following account balances along with their estimated fair values. Reported the following account balances along with their estimated fair values.

Carrying AmountFair ValueReceivables 219000 219000 Inventory 92000 92000 Copyrights 152000 533000 Patented technology 832000 677000 Total assets 1295000 1521000 Current liabilities 256000 256000 Long-term liabilities 685000 673000 Common. On that day Zambrano paid cash to acquire all of the assets and liabilities of Soriano which will cease to exist as a separate entity. Account Debit Credit Cash 934000 Accounts Receivable 1450000 Medical Supplies 480000 Prepaid Insurance 600000 Land 2500000 3000000 Medical Building Accumulated.

Receivables Inventory Patented technology Total arreta Current liabilities Lont-tem lisbilities Common stock Retained earnings Total Tislities and equities Carrying out 144100 97. Reported the following account balances along with their estimated fair values. On May 1 Soriano Co.

Reported the following account balances along with their estimated fair values. Carrying Fair Value 151000 151000 80 000 587000 652000 1254000 1470000 Amount Receivables Inventory Copyrights Patented technology Total assets 80000 168000 855000 Current liabilities Long-term liabilities Common stock 4 237000 681000 237000. To facilitate the merger Zambrano also paid 100000 to an investment banking firm.

Reported the following account balances along with their estimated fair values. Reported the following account balances along with their estimated fair values. However the project has not yet reached technological feasibility and the projectâs assets have no alternative future usePrepare Zambranoâs journal.

Carrying Amount Fair Value Receivables 90000 90000 Inventory 75000 75000 Copyrights 125000 480000 Patented technology 825000 700000 Total assets 1115000 1345000 Current liabilities 160000 160000 Long-term liabilities 645000 635000. On May 1 Soriano Co. Reported the following account balances along with their estimated fair values.

On that day Zambrano paid cash to acquire all of the assets and liabilities of Soriano which will cease to exist as a separate entity. On May 1 Soriano Co. On May 1 Soriano Co.

Carrying Amount Fair Value Receivables 143600 143600 Inventory 76400 76400 Copyrights 136000 577000 Patented technology 913000 753000 Total assets 1269000 1550000 Current liabilities 197000 197000. Carrying Fair Value Amount Receivables 245300 245300 79200 125500 875000 1325000 Inventory Сopyrights Patented technology 79200 505500 658000 Total assets 1488000 Current liabilities 253000 740000 100000 232000 253000 729800 Long-term. On May 1 Soriano Co.

Reported the following account balances along with their estimated fair values. On May 1 Soriano Co. Reported the following account balances along with their estimated fair values.

Carrying Value Fair Value Receivables 90000 90000 Inventory 75000 75000 Copyrights QA On June 30 2015 Wisconsin Inc issued 158100 in debt and 21600 new shares of its 10 par value stock to Badger Company owners in exchange for all of the. Appraised value of 200000. Reported the following account balances along with their estimated fair values.

On May 1 Soriano Co. On May 1 Soriano Co. On May 1 Soriano Co.

On May 1 Soriano Co. Receivables Inventory Copyrights Patented technology Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equities Carrying Amount Fair Value 72600 72600 89400 89400 135000 530000 921000. On May 1 Soriano Co.

On May 1 Soriano Co. Saved Problem 2-26 Algo LO 2-5 2-6 2-6b 2-8 On May 1 Soriano Co reported the following account balances along with their estimated fair values. On May 1 Soriano Co.

To facilitate the merger Zambrano also paid 100000 to an investment banking firm. Business Accounting QA Library On May 1 Soriano Co. Reported the following account balances along with their estimated fair.

Reported the following account balances along with their estimated fair values.

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