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hello, i need help with my assignment please

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Answered Same Day Oct 17, 2021

Solution

Riddhi answered on Oct 19 2021
148 Votes
Answer to Question 27
    Particulars
    Amt
    Net Income
    210000
    Retained earnings 1/1/20
    800000
    Patent technology
    1180000
    Goodwill
    50000
    Liabilities
    910000
    Common stock
    510000
    Additional paid up capital
    680000
Goodwill = Purchase price – fair value
= 9,00,000 – 8,50,000
= 50,000
Additional paid up capital = Company paid up at the beginning + Additional paid up issued
     = 2,70,000 + ((40 – 10) x 15000) – 40,000
= 6,80,000
Retained earnings = Opening Retained earnings + Net Income
     ...
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