10/21/21, 10:35 AM BSA PROF 02: PRELIMINARY EXAMINATION

BSA PROF 02: PRELIMINARY

EXAMINATION
jalaine.piodos.salazar@apcas.ph.education Switch account

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LONG PROBLEM : 03

Problem 03: Colloquy

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10/21/21, 10:35 AM BSA PROF 02: PRELIMINARY EXAMINATION

How much is the fair value of consideration transferred on the business 3 points
combination?

4,000,000

4,800,000

4,400,000

2,400,000

Clear selection

How many shares were issued in the business combination? 3 points

40,000

10,000

36,000

12,000

Clear selection

How much is the acquisition-date fair value per share? 3 points

400

360

280

440

Clear selection

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10/21/21, 10:35 AM BSA PROF 02: PRELIMINARY EXAMINATION

How much goodwill was recognized on acquisition date? 3 points

980,000

1,080,000

1,280,000

1,200,000

Clear selection

What is the retained earnings of the combined entity immediately after 3 points
the business combination?

3,120,000

3,200,000

3,280,000

3,320,000

Clear selection

What is the total Net Assets of the combined entity immediately after the 3 points
business combination?

10,680,000

10,880,000

10,800,000

10,580,000

Clear selection

Page 4 of 10

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10/21/21, 10:35 AM BSA PROF 02: PRELIMINARY EXAMINATION

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