on the consolidation working paper at the date of acquisition elimination r debits i 4372477

On the consolidation working paper at the date of acquisition, elimination R debits identifiable intangible assets by a. $10,000 b. $13,000 c. $15,000 d. $23,000 Use the following information to answer questions 5-8 below. All amounts are in thousands. PR Company pays $10,000 in cash and issues stock with a fair value of $40,000 to acquire all of SX Corporation’s stock. SX will be a subsidiary of PR. Balance sheets just prior to the acquisition are as follows: PR’s consultants find these items that are not reported on SX’s balance sheet Potential contracts with new customers $6,000 Advanced production technology 4,000 Future cost savings 2,000 Customer lists 1,000 View Solution:
On the consolidation working paper at the date of acquisition

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