the financial statements for cap inc and sap company for the year ended december 31 4375296

The financial statements for CAP Inc. and SAP Company for the year ended December 31, Year 5, follow: On December 31, Year 5, after the above figures were prepared, CAP issued $300,000 in debt and 15,000 new shares to the owners of SAP to purchase all of the outstanding shares of that company. CAP shares had a fair value of $40 per share. CAP also paid $30,000 to a broker for arranging the transaction. In addition, CAP paid $40,000 in stock issuance costs. SAP’s equipment was actually worth $710,000 but its patented technology was valued at only $270,000. Required: What are the balances for following accounts on the on the Year 5 consolidated financial statements? (a) Profit (b) Retained earnings, 12/31/Year 5 (c) Equipment (d) Patented technology (e) Goodwill (f) Ordinary shares (g) Liabilities View Solution:
The financial statements for CAP Inc and SAP Company for

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