ACCT 405 Week 2 Homework
Problems 3, 4, 11, and 12
3).What is a statutory merger?
4). FASB ASC 805, Business Combinations, provides principles for allocating the fair value of an acquired business. When the collective fair values of the separately identified assets acquired and liabilities assumed exceed the fair value of the consideration transferred, the difference should be:
11).What should Beasley record as total liabilities incurred or assumed in connection with the Donovan merger?
12). How much should Beasley record as total assets acquired in the Donovan merger?