6 Questions
What was the total amount of current assets acquired from FRS and SCN companies?
P2,025,000
What was the total amount of noncurrent assets acquired from FRS and SCN companies?
P4,850,000
How many ordinary shares did BST issue in exchange for the net assets of FRS and SCN companies?
22,500 and 11,200
What was the fair value of BST's shares used in the exchange for the net assets of FRS and SCN companies?
P150
What was the total amount of out-of-pocket expenses paid by BST in relation to the business combination?
P45,000
How much was the fair value of FRS Company's noncurrent assets overstated by?
P400,000
Test your knowledge on accounting for the acquisition of net assets. Practice calculating the total assets, liabilities, and equity of acquired companies in a business combination scenario.
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