2
Problem 2-25 (Algo) (LO 2-4, 2-5, 2-6o, 2-6b, 2-6c)
35
pooves
styperd
Peleothen
Following are preacquisnion financial balances for Padre Company and Sol Company as of December 31. Aso included are fair values for Sol Company accounts.
\table[[12en,Padre Coepury,Sol Cogely],[Foot velues,Fair welues],[Book values
(12)/(31)
,12/31,12/31],[Canh,
1.405,560
, 67.359,$ 67,390],[Aecelvables,210,500,331,600,315, 200],[Imeentery,494, 000,391,000,356,300],[Land,633,500,203, ene,1s2, 260],[Bellding and equipenst (net),346,
0\times 0
,303,000,364,360],[Frashise agretsents,317, 000,226, 000,209,100],[Accounts payable,(3182, eve),
(366,600)
,( 266,060