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Question E3-13. answers a,b,c. it uses question E3-12 so i also attached that as well. but need answers to only E3-13.

1) $ 115 Chapter 3 - Consolidated Financial Statements: Date of Acquisiti Brightcove, Inc. Ciber, Inc. Book Value Dr (C1) Book Value Dr (CT) Fair Value Dr (Cr) $ 40,000 200,000 $ 400 12.000 5.000 $ 250 5.000 8.000 Current assets ..... . Plant and equipment, net.. Licenses and trademarks Investment in Ciber. Current liabilities Long-term liabilities. Capital stock. Retained earnings .. 80,000 180,000 (150.000 (35,000 (55.000 0 800) (10,000) (8,000) 1.400 500 9.500 Total Brightoove hires a consultant to identify and value any previously unreported intangible assets attribut able to Ciber at the date of acquisition. The consultant identifies the following intangibles Fair Value (in thousands) Customer contracts ........... Assembled workforce.... Brand names. Leases at rents below current market Developed technology .. . In-process research and development .. Future cost savings from elimination of duplicate assets ... Additional expected revenues from bundling products...... $ 2.000 25,000 3.000 500 200 1.000 E3.13 Required a. Prepare a schedule of the excess of acquisition cost over Ciber's book value and its allocation to Ciber's identifiable net assets and goodwill b. Prepare a working paper to consolidate the balance sheet accounts of Brightcore and her at the date of acquisition c. Prepare the consolidated balance sheet at the date of acquisition, in good form. Pushdown Accounting (see related E3.12) Refer to the information in E. 12. Assume Ciberses pushdown accounting as of the date of acquisition Required a. Prepare the entry Giber makes on its own books at the date of acquisition b. Prepare a working paper to consolidate the balance sheet accounts of Brightcore and her at the date of acquisition c. Prepare the consolidated balance sheet at the date of acquisition, in good form. Compare the consoli dated balance sheets in E3.12 and 3. 13 and comment on the results. LO E3.12 Consolidation with Previously Unrecorded Intangibles and Goodwill (see related E2.10) Brightcove, Inc. acquires all of the stock of Ciber, Inc. for $80 million in cash and accounts for the acquisition as a stock acquisition. Balance sheet information at the date of acquisition is as follows (in thousands): 1) $ 115 Chapter 3 - Consolidated Financial Statements: Date of Acquisiti Brightcove, Inc. Ciber, Inc. Book Value Dr (C1) Book Value Dr (CT) Fair Value Dr (Cr) $ 40,000 200,000 $ 400 12.000 5.000 $ 250 5.000 8.000 Current assets ..... . Plant and equipment, net.. Licenses and trademarks Investment in Ciber. Current liabilities Long-term liabilities. Capital stock. Retained earnings .. 80,000 180,000 (150.000 (35,000 (55.000 0 800) (10,000) (8,000) 1.400 500 9.500 Total Brightoove hires a consultant to identify and value any previously unreported intangible assets attribut able to Ciber at the date of acquisition. The consultant identifies the following intangibles Fair Value (in thousands) Customer contracts ........... Assembled workforce.... Brand names. Leases at rents below current market Developed technology .. . In-process research and development .. Future cost savings from elimination of duplicate assets ... Additional expected revenues from bundling products...... $ 2.000 25,000 3.000 500 200 1.000 E3.13 Required a. Prepare a schedule of the excess of acquisition cost over Ciber's book value and its allocation to Ciber's identifiable net assets and goodwill b. Prepare a working paper to consolidate the balance sheet accounts of Brightcore and her at the date of acquisition c. Prepare the consolidated balance sheet at the date of acquisition, in good form. Pushdown Accounting (see related E3.12) Refer to the information in E. 12. Assume Ciberses pushdown accounting as of the date of acquisition Required a. Prepare the entry Giber makes on its own books at the date of acquisition b. Prepare a working paper to consolidate the balance sheet accounts of Brightcore and her at the date of acquisition c. Prepare the consolidated balance sheet at the date of acquisition, in good form. Compare the consoli dated balance sheets in E3.12 and 3. 13 and comment on the results. LO E3.12 Consolidation with Previously Unrecorded Intangibles and Goodwill (see related E2.10) Brightcove, Inc. acquires all of the stock of Ciber, Inc. for $80 million in cash and accounts for the acquisition as a stock acquisition. Balance sheet information at the date of acquisition is as follows (in thousands)

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