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BUSINESS COMBINATION - ACQUISITION.xlsx

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PROBLEM 1 Nova Rise Acquisition Cost 3,375,000.00 1,680,000.00 FMV of Net Assets 2,390,000.00 2,065,000.00 Goodwill/(Gain) 985,000.00 (385,000.00) Shareholders' Equity: Acquirer @ BV Common Stock 2,748,500.00 APIC 176,500.00 Retained Earnings 1,250,000.00 Issuance - Nova
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  PROBLEM 1 NovaRiseAcquisition Cost 3,375,000.00 1,680,000.00 FMV of Net Assets 2,390,000.00 2,065,000.00 oo! i##$%ain& 985,000.00 %385,000.00& Shareholders' Equity: Acqui'e' ( )VCo**on +toc 2,7-8,500.00 A/C 176,500.00 Retaine! a'nins 1,250,000.00 /ssuance  Nova 3,375,000.00 /ssuance  Rise 1,680,000.00 ain on )a'ain u'case 385,000.00 4ota# + 9,615,000.00 %& Assets: Acqui'e' ( )V -,500,000.00 Nova ( FMV 2,600,000.00 Rise ( FMV 2,205,000.00 oo! i## on Acquisition 985,000.00 4ota# Assets 10,290,000.00 %A& PROBLEM 2 Acquisition Cost /ssuance of stoc 816,000.00 Continent Consi!e'ation 195,000.00 4ota# 1,011,000.00 FMV of Net Assets 696,-50.00 oo! i##$%ain& 31-,550.00 %C& Total expense:  Acquisition eenses 257,200.00 oss on Continent Consi!e'ation 260,000.00 4ota# 517,200.00 %)& Acquisition eensesea# fees 35,600.00  )'oe':s fee 23,600.00 Accountant:s fee 80,000.00 ;te' !i'ect cost 75,000.00 ene'a# an! a##ocate! ee -3,000.00 4ota# 257,200.00 oss on Continent Consi!e'ationActua# a<*ent -55,000.00 /nitia# setu a*ount 195,000.00 oss on C 260,000.00 PROBLEM  Retaine! a'ninsAcqui'e' ( )V 750,000.00 Acquisition eenses 218,600.00 4ota# 531,-00.00 %Ne Ru#e&1+/C is !e! 2/f A/C f' 3/f A/C f' Retaine! a'ninsAcqui'e' ( )V 750,000.00 Acquisition eenses 218,600.00 +toc /ssuance cost %in ecess of A/C 5,-00.00 4ota# 526,000.00 %;#! Ru#e&%C& 1$+/C is ! 2$/f A/C Acquisition cost +toc issuance 1,350,000.00 Continent consi!e'ation 750,000.00 4ota# 2,100,000.00 FMV of Net Assets 1,895,000.00 oo! i##$%ain& 205,000.00 Total Assets:Total Lia!ility sa# Acqui'e' ( )V 5,000,000.00 Acqui'e' ( )VAcqui'ee ( FMV 2,860,000.00 Acqui'ee ( FMVoo! i## f'o* acquisition 205,000.00 Continent ia=i#it<Cas$Noncas consi!e'ation  e=t secu'it< issue!+/C ai! 355,-00.00 +/C %unai!&enses ai! 218,600.00 enses %unai!&  4ota# Assets 7,-91,000.00 %&4ota# ia=i#it< PROBLEM &ase 1 Consi!e'ation t'ansfe''e! 500,000.00 Reconi>e! a*ount of NC/ 89,500.00 %5000001-2000&$80?  20? 4ota# consi!e'ation 589,500.00 FMV of Net Assets 572,500.00 oo! i##$%ain& 17,000.00  a'ent  80? NC/  20? Acquisition cost 500,000.00 89,500.00 FMV of Net Assets -58,000.00 11-,500.00 oo! i##$%ain& -2,000.00 %25,000.00&  NC/ o' su=si!ia'< Ru#e@ NC/ is to =e ' Consi!e'ation t'ansfe''e! 500,000.00 Reconi>e! a*ount of NC/ 11-,500.00 %ie' =et een 'oo'tionate sa'e 4ota# consi!e'ation 61-,500.00 FMV of Net Assets 572,500.00 oo! i##$%ain& -2,000.00 %C& ase 2 Consi!e'ation t'ansfe''e! 523,000.00 Reconi>e! a*ount of NC/ 122,750.00 Fai' va#ue, iven4ota# consi!e'ation 6-5,750.00 FMV of Net Assets 572,500.00 oo! i##$%ain& 73,250.00 %)& a'ent  80? NC/  20? Acquisition cost 523,000.00 122,750.00 FMV of Net Assets -58,000.00 11-,500.00 oo! i##$%ain& 65,000.00 8,250.00 ase  Consi!e'ation t'ansfe''e! 500,000.00 Reconi>e! a*ount of NC/ 115,750.00 %50000037000&$80?  20?4ota# consi!e'ation 615,750.00  FMV of Net Assets 572,500.00 oo! i##$%ain& -3,250.00 %A& a'ent  80? NC/  20? Acquisition cost 500,000.00 115,750.00 FMV of Net Assets -58,000.00 11-,500.00 oo! i##$%ain& -2,000.00 1,250.00 PROBLEM ( Consi!e'ation t'ansfe''e! 2,580,000.00 Reconi>e! a*ount of NC/ -50,000.00 %258000030000& $85?  15?4ota# consi!e'ation 3,030,000.00 FMV of Net Assets 2,157,000.00 oo! i##$%ain& 873,000.00 conso#i!ate! 'esentation a'ent  85? NC/  15? Acquisition cost 2,580,000.00 -50,000.00 FMV of Net Assets 1,833,-50.00 323,550.00 oo! i##$%ain& 7-6,550.00 126,-50.00 Total Assets: Acqui'e' ( )V 8,750,000.00 Acqui'ee ( FMV 3,175,000.00 oo! i## f'o* acquisition 873,000.00 Cas$Noncas consi!e'ation 2,580,000.00 +/C ai!  enses ai! 125,000.00 4ota# Assets 10,093,000.00 %)& Shareholders' Equity: Acqui'e' ( )VCo**on +toc 3,-00,000.00 A/C 1,575,000.00 Retaine! a'nins 1,700,000.00 /ssuance in Acq  ain on )a'ain u'case  NC/ -50,000.00
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