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Dish Corporation Acquired 100 Percent of the Common Stock of Toll

Question 45

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Dish Corporation acquired 100 percent of the common stock of Toll Company by issuing 10,000 shares of $10 par common stock with a market value of $60 per share.Summarized balance sheet data for the two companies immediately preceding the acquisition are as follows:
Required: Determine the dollar amounts to be presented in the consolidated balance sheet for (1)total assets,(2)total liabilities,and (3)total stockholders' equity.
Dish Corporation acquired 100 percent of the common stock of Toll Company by issuing 10,000 shares of $10 par common stock with a market value of $60 per share.Summarized balance sheet data for the two companies immediately preceding the acquisition are as follows: Required: Determine the dollar amounts to be presented in the consolidated balance sheet for (1)total assets,(2)total liabilities,and (3)total stockholders' equity.

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Total assets = $2,550,000 ($1,...

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