Francisco inc. acquired 100 percent of the voting shares of beltran company on january 1, 2017. in exchange, francisco paid $788,250

Question

Francisco Inc. acquired 100 percent of the voting shares of Beltran Company on January 1, 2017. In exchange, Francisco paid $788,250 in cash and issued 125,000 shares of its own common stock, which has a par value of $1 per share. On that date, Francisco’s stock had a fair value of $12 per share. This combination represents a statutory merger, with Beltran subsequently dissolved as a legal corporation. The assets and liabilities of Beltran are assigned to a new reporting unit.
The following details the fair values for the Beltran reporting unit as of January 1, 2017, and December 31, 2018, along with their respective book values on December 31, 2018:
Beltran Reporting Unit Fair Values:
- Date: Fair Value (1/1/17) | Fair Value (12/31/18) | Book Value (12/31/18)
- Cash: $125,500 | $79,500 | $79,500
- Receivables: $308,750 | $348,000 | $348,000
- Inventory: $264,250 | $310,000 | $302,900
- Patents: $623,500 | $740,000 | $593,500
- Customer Relationships: $674,750 | $636,000 | $595,750
- Equipment (Net): $394,500 | $290,000 | $282,550
- Goodwill: ? | ? | $580,000
- Accounts Payable: ($172,500) | ($260,000) | ($260,000)
- Long-term Liabilities: ($510,500) | ($412,000) | ($412,000)
a. Prepare Francisco's journal entry to record the assets acquired and the liabilities assumed in the Beltran merger on January 1, 2017. Include the following accounts: cash, receivables, inventory, patents, customer relationships, equipment, goodwill, accounts payable, long-term liabilities, cash, common stock, and additional paid-in capital (APIC).
b. On December 31, 2018, Francisco opts to forgo any goodwill impairment qualitative assessment and estimates that the total fair value of the entire Beltran reporting unit is $1,851,500. What amount of goodwill impairment, if any, should Francisco recognize on its 2018 income statement? Specifically, determine the goodwill impairment loss.

Camilla Pagac IV · Accepted Answer

186.556 celcius6.63 kgit should be 21.6yes, estimate. it did not ask for the exact, so you can just give a estimate Barry buys a DVD for $19.95 and a flash drive for 14.95. He gives the cashier $40. The cashier wants to know how much change to give Barry.you do not want to be ripped off, neither does the customerhope this helps

Dr. Napoleon Wiza · Answer

317.38 + 82.21 = 399.59.5 rounds up ANS is 400

Anonymous · Answer

The mean difference is between 799586.3 and 803257.9.Step-by-step explanation: To estimate the mean difference for confidence interval:Find the statistic sample:d = value of 6th - value of 13th;Sample mean of difference: mean = ∑d / nSample standard deviation: s = ∑(d - mean)² / n - 1;For the traffic count, mean = 1835.8 and s = 1382607.3The confidence interval is 90%, so:α = α = 0.05The degrees of dreedom are:df = n - 1df = 10 - 1df = 9Using a t-ditribution table, the t-score for α = 0.05 and df = 9 is: t = 1.833.Error will be: E = E = 1.833.()E = 801422.1The interval is: mean - E < μ < E + mean1835.8 - 801422.1 < μ < 1835.8+801422.1-799586.3 < μ < 803257.9The estimate mean difference in trafic count between 6th and 13th using 90% level of confidence is between 799586.3 and 803257.9.

Maymie Rodriguez · Answer

35 ? hehe ty. Brainliest?

Anonymous · Answer

a. $25,650b. Journal entries Explanation: The computation is shown below:a. The balance of the Allowance for Doubtful Accounts is =  Total account receivable × estimated percentage= $570,000 × 4.5%= $25,650b. The adjusting entry is as followsBad Debt Expense  $13,650       ($25,650 - $12,000)          To Allowance for Doubtful Accounts $13,650(Being the bad debt expense is recorded)c. The adjusting entry is as followsBad Debt Expense  $26,650       ($25,650 + $1,000)          To Allowance for Doubtful Accounts $26,650(Being the bad debt expense is recorded)

Anonymous · Answer

B. $8,980Step-by-step explanation: You want to put it in a regression calculator and add up all the points. (0,5000) , (2,5510) , (5,6390) , (8,7390) , (10,8150). After putting all this in the calculator you should get a formula looking like y = 4999.785(1.05)^x, once you get this add the 12 to the x value and you have your full equation set up as 4999.785(1.05)^12. After adding this all up you get 8978.895521, just round it up and then your all done.

Anonymous · Answer

Estimated variable cost per unit is $2.20Explanation:high low method separates the fixed cost and variable cost using net of Highest activity level and Lowest activity level and net of their relevant costs.According to High low method Variable cost per unit = ( Highest activity cost - Lowest activity cost ) / ( Highest Activity - Lowest activity )Variable cost per unit  = ( $39,390 - $26,410 ) / ( 15,900 - 10,000 )Variable cost per unit  = $12,980 / 5,900Variable cost per unit  = $2.2

Anonymous · Answer

Hello!There's more than one way in which to check this answer thru estimation. I'd find 6*60 and 6*70 separately, obtaining 360 and 420. It's obvious that Kendra's "390" is between 360 and 420, so it's likely that she's right.6*65 does indeed equal 390.

Anonymous · Answer

In order to estimate the product of 6x65 in my head without writing anything down on paper or running home for my calculator, I close my eyes and I see something like this floating in space in front of me:[6 · cos(2π)] · e⁰ · [60 · (1Hz/1cps)] = 360 but 65 is a little more than 60 so the product is probably a little more than 360 so 390 could be pretty close.

Anonymous · Answer

The answer is 186.546 degrees Celsius. Step-by-step explanation:A scientist records a temperature of 234. 556 Celsius in an experiment. The temperature falls 48.01 Celsius. What was the temperature after it fell.I subtracted 234.556 - 48.01, to get 186.546.Hope this helps.

Alexandrine Nitzsche

Francisco inc. acquired 100 percent of the voting shares of beltran company on january 1, 2017. in exchange, francisco paid $788,250

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