Continuation after the pic..Apple was eventually reimbursed by EVE and is already included in the consideration paid. How much is the net increase in the stockholder’s equity in the books of the surviving company as a result of the business combination? Problem 24: A condensed Statement of Financial Position at August 31, 2022 and related current fairvalue data for Apple Company are presented below:Apple CompanyStatement of Financial PositionAugust 31, 2022Carrying amountFair ValueAssets:Current assets368,000404,500690,00048,000Plant Assets592,50058,5001.019.000Patent (net)Total AssetsLiabilities and Stockholders' Equity:Current Liabilities107,500280,000107,500Long-term debtCapital Stock, P20 parRetained earnings297,500210,000421.500Total liabilities and Stockholders' Equity1019.000On September 1, 2022, Eve Corporation issued 10,700 shares of its P24 par value common stock (currentfair value P33 per share) and P166,000 cash for the net assets of Apple Company. Oof the P47,500 out-of-pocket costs paid on September 1, 2022, P26,500 were indirect cost paid by eve and the remainder werelegal fees and finders' fees related to the business combination paid by Apple. The amount advanced by

Stockholders’ equity refers to the ownership interest in the business. It is the claim of the owners…

Problem 24: A condensed Statement of Financial Position at August 31, 2022 and related current fair value data for Apple Company are presented below: Assets: Current assets Plant Assets Patent (net) Apple Company Statement of Financial Position August 31, 2022 Carrying amount 368,000 592,500 58,500 Fair Value 404,500 690,000 48,000

Problem 24: A condensed Statement of Financial Position at August 31, 2022 and related current fair value data for Apple Company are presented below: Assets: Current assets Plant Assets Patent (net) Apple Company Statement of Financial Position August 31, 2022 Carrying amount 368,000 592,500 58,500 Fair Value 404,500 690,000 48,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 10SPA: RATIO ANALY SIS OF COMPARATI VE FIN ANCIAL STATE MENT S Refer to the financial statements in Problem...

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