125k views
3 votes
Rockport Refinery acquired all the outstanding common stock of Stellman Corporation for $68,000 in cash. The book values and fair values of Stellman's assets and liabilities were as follows:

Book Value Fair Value
Current assets $ 24,000 $ 30,000 Property, plant, and equipment 44,000 56,000 Other assets 4,000 6,000 Current liabilities 16,000 16,000 Long-term liabilities 24,000 22,000

User Palza
by
8.2k points

1 Answer

2 votes

Answer:

Current assets $ 24,000 $ 30,000 Property, plant, and equipment 44,000 56,000 Other assets 4,000 6,000 Current liabilities 16,000 16,000 Long-term liabilities 24,000 22,000

User Telmo Costa
by
8.0k points

Related questions

2 answers
1 vote
158k views
asked Mar 17, 2024 170k views
Toney asked Mar 17, 2024
by Toney
7.7k points
1 answer
4 votes
170k views
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.