Show me the steps to solve The balance sheet of Aylmer Enterprises as at December...
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Show me the steps to solve The balance sheet of Aylmer Enterprises as at December Y is as follows: Effective January Y Aylmer proposes to issue common shares. The shares are currently trading at $ per share. Aylmer is purchasing all of the common shares of Orwell Industries. In determining the acquisition price, the management of Aylmer noted that Orwell Industries has unrecorded customer service contracts and directed its accounting staff to reflect this when recording the acquisition. An independent appraiser placed a value of $ on this unrecorded intangible asset. Direct costs associated with the acquisition were as follows: Costs of issuing shares $ Professional fees The balance sheet of Orwell Industries as at December Y is as follows: Orwell is to be wound up after the sale. REQUIRED: Prepare Aylmers consolidated balance sheet after the proposed transaction occurred using the worksheet approach. Also include any journal entries you feel are necessary. Show all your workcalculations D
Show me the steps to solve The balance sheet of Aylmer Enterprises as at December Y is as follows:
Effective January Y Aylmer proposes to issue common shares. The shares are currently trading at $ per share. Aylmer is purchasing all of the common shares of Orwell Industries. In determining the acquisition price, the management of Aylmer noted that Orwell Industries has unrecorded customer service contracts and directed its accounting staff to reflect this when recording the acquisition. An independent appraiser placed a value of $ on this unrecorded intangible asset. Direct costs associated with the acquisition were as follows:
Costs of issuing shares $
Professional fees
The balance sheet of Orwell Industries as at December Y is as follows:
Orwell is to be wound up after the sale.
REQUIRED: Prepare Aylmers consolidated balance sheet after the proposed transaction occurred using the worksheet approach. Also include any journal entries you feel are necessary.
Show all your workcalculations
D
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