Interested in a PLAGIARISM-FREE paper based on these particular instructions?...with 100% confidentiality?

Order Now

Untitled

P2-14 The following book and fair values were available for Westmont Company as of March 1.
Book Value
Fair Value
Inventory
630,000
600,000
Land
750,000
990,000
Buildings
1,700,000
2,000,000
Customer relationships –
800,000
Accounts Payable
(80,000)
(80,000)
Common stock
(2,000,000)
Additional paid-in capital
(500,000)
Retained earnings 1/1
(360,000)
Revenues
(420,000)
Expenses
280,000
Arturo Company pays $4,000,000 cash and issues 20,000 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont’s common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $25,000 and Arturo pays $42,000 for legal fees to compete the transaction.

You Want A Similar Paper Done? Don’t be stressed, Click Here To Order this essay!!

Interested in a PLAGIARISM-FREE paper based on these particular instructions?...with 100% confidentiality?

Order Now