Problem-
On Apnl 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company. paying 514,000,000 The book values and fair values of Vista's assets and liabhties acquired are shoat, below in dollar amounts
|
Accounts
|
Book Value
|
Falr Value
|
|
Accounts Receivables
|
51.900.000
|
51.725.000
|
|
Inventones
|
$2.800.000
|
£4.000.000
|
|
Accounts Payable
|
$2.000.000
|
52.000000
|
|
Property, Plant and Egiement
|
14000.000
|
512.625.000
|
|
Bonds Payable
|
54.600.000
|
54.225.000
|
1 Using Excel. prepare the journal entry to record the acquisition by Bullseye Company
2 Submit your solution in same Excel file as for Problem 1.