Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What was the total amount of current assets acquired from FRS and SCN companies?
What was the total amount of current assets acquired from FRS and SCN companies?
- P650,000
- P1,125,000
- P1,400,000
- P2,025,000 (correct)
What was the total amount of noncurrent assets acquired from FRS and SCN companies?
What was the total amount of noncurrent assets acquired from FRS and SCN companies?
- P6,375,000
- P4,850,000 (correct)
- P4,250,000
- P7,000,000
How many ordinary shares did BST issue in exchange for the net assets of FRS and SCN companies?
How many ordinary shares did BST issue in exchange for the net assets of FRS and SCN companies?
- 22,500 and 11,200 (correct)
- 33,700
- 33,200
- 45,700
What was the fair value of BST's shares used in the exchange for the net assets of FRS and SCN companies?
What was the fair value of BST's shares used in the exchange for the net assets of FRS and SCN companies?
Signup and view all the answers
What was the total amount of out-of-pocket expenses paid by BST in relation to the business combination?
What was the total amount of out-of-pocket expenses paid by BST in relation to the business combination?
Signup and view all the answers
How much was the fair value of FRS Company's noncurrent assets overstated by?
How much was the fair value of FRS Company's noncurrent assets overstated by?
Signup and view all the answers
Flashcards are hidden until you start studying
