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A

Account Debit Credit


Investment in W 500000
Cash 465000
Contingent Consideration 35000

B
Account Debit Credit
2020 Goodwill 5000 40000-35000
Contingent Obligation 5000
2021 Loss on Increase Contingent Obligation 10000 5000*2 yrs
Contingent Obligation 10000
Contingent Obligation 50000 35000+5000+10000
Cash 50000
Account Debit Credit
S Common Stocks $ 200,000
Retained Earnings 1/1 $ 180,000 140000 bb + 65000 ni - 25000 div
Investment in W $ 380,000
A Royalties $ 90,000 100000-(100000/10)
Goodwill $ 60,000 465000 pp - 340000 bv + 35000 obligation - 100000 roy
Investment in W $ 150,000
I Equity in W $ 65,000 75000 ni - 10000 amort
Investment in W $ 65,000
D Investment in W $ 35,000
Dividends Declared $ 35,000
E Amortization Expense $ 10,000 100000/10
Royalties $ 10,000
- 25000 div

v + 35000 obligation - 100000 royalties fv


Account Debit Credit
*C Retained Earnings $ 30,000 65000 ni - 10000 amort - 25000 div
Investment in W $ 30,000
S Common Stocks $ 200,000
Retained Earnings $ 180,000
Investment in W $ 380,000
A Royalties $ 90,000
Goodwill $ 60,000
Investment in W $ 150,000
I Dividend Income $ 35,000
Dividends Declared $ 35,000
E Amortization Expense $ 10,000
Royalties $ 10,000

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