Podcast
Questions and Answers
What is the total fair value of the inventories?
What is the total fair value of the inventories?
- P 296,000 (correct)
- P 112,000
- P 206,000
- P 124,000
What is the total fair value of the equipment?
What is the total fair value of the equipment?
- P 440,000
- P 520,000 (correct)
- P 360,000
- P 600,000
What is the total amount of Accounts Receivable?
What is the total amount of Accounts Receivable?
- P 124,000 (correct)
- P 136,000
- P 112,000
- P 150,000
What is the total amount of Goodwill in the Statement of Financial Position?
What is the total amount of Goodwill in the Statement of Financial Position?
What is the total amount of Bautista's Capital?
What is the total amount of Bautista's Capital?
What is the total amount of Bernaldo's Capital?
What is the total amount of Bernaldo's Capital?
How many authorized shares of P50 par ordinary share capital are there in Rainbow Corp.?
How many authorized shares of P50 par ordinary share capital are there in Rainbow Corp.?
At what price per share did Bautista and Bernaldo receive shares in exchange for the net assets of the partnership?
At what price per share did Bautista and Bernaldo receive shares in exchange for the net assets of the partnership?
Flashcards
Inventories Fair Value?
Inventories Fair Value?
The total fair value of the inventories is P 296,000.
Equipment Fair Value?
Equipment Fair Value?
The total fair value of the equipment is P 520,000.
Accounts Receivable Total?
Accounts Receivable Total?
The total amount of Accounts Receivable is P 124,000.
Goodwill Amount?
Goodwill Amount?
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Bautista's Capital?
Bautista's Capital?
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Bernaldo's Capital?
Bernaldo's Capital?
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Rainbow Corp. Shares?
Rainbow Corp. Shares?
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Share Price?
Share Price?
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