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  • Born Corporation Agrees To Acquire The Net Assets of Wren

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    Muhammad Shahid
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    Born Corporation agrees to acquire the net assets of Wren Corporation on January 1, 2015. An appraisal determined Wren had in-process R&D valued at $20,000 and fair values for inventory ($98,000), equipment ($340,000), and trademark ($30,000) that differed from book values. The entry on Born's books must be prepared for two purchase price scenarios: $540,000 and $350,000.

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    Born Corporation Agrees to Acquire the Net Assets of Wren

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    Born Corporation agrees to acquire the net assets of Wren Corporation on January 1, 2015. An appraisal determined Wren had in-process R&D valued at $20,000 and fair values for inventory ($98,000), equipment ($340,000), and trademark ($30,000) that differed from book values. The entry on Born's books must be prepared for two purchase price scenarios: $540,000 and $350,000.

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    © All Rights Reserved
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    10 views1 page

    Born Corporation Agrees To Acquire The Net Assets of Wren

    Uploaded by

    Muhammad Shahid
    Born Corporation agrees to acquire the net assets of Wren Corporation on January 1, 2015. An appraisal determined Wren had in-process R&D valued at $20,000 and fair values for inventory ($98,000), equipment ($340,000), and trademark ($30,000) that differed from book values. The entry on Born's books must be prepared for two purchase price scenarios: $540,000 and $350,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Born Corporation agrees to acquire the net assets of Wren

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    Born Corporation agrees to acquire the net assets of Wren Corporation on January 1,
    2015.Wren has the following balance sheet on the date of acquisition:An appraiser determines
    that in-process R&D exists and has an estimated value of $20,000. The appraisal indicates that
    the following assets have fair values that differ from their book values:Fair
    ValueInventory...........................................$ 98,000Equipment..........................................340,00
    0Trademark............................................30,000RequiredUse value analysis to prepare the entry
    on the books of Born Corporation to acquire the net assets of Wren Corporation under each of
    the following purchase price scenarios:1. Purchase price is $540,000.2. Purchase price is
    $350,000.View Solution:
    Born Corporation agrees to acquire the net assets of Wren

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