Poplar Corp Fair Values on the Date of Acquisition If Poplar Paid $300,000 What Journal Entries Would Be Recorded

question 15

Essay

Poplar Corp. acquires the net assets of Sapling Company, which has the following balance sheet:
$\begin{array}{lr}\text { Accounts Receivable } & \$ 50,000 \\\text { Inventory } & 80,000 \\\text { Equipment, Net } & 50,000 \\\text { Land \& Building, Net } & 120,000 \\\text { Total Assets } & \$ 300,000\\\\\text { Bonds Payable } & \$ 90,000 \\\text { Common Stock } & 100,000 \\\text { Retained Eamings } & 110,000 \\\text { Total Liabilities and Stockhol ders' Equity } & \$ 300,000\end{array}$ Fair values on the date of acquisition:
$\begin{array}{lr}\text { Accounts Receivable } & \$ 50,000 \\\text { Inventory } & 100,000 \\\text { Equipment } & 30,000 \\\text { Land \& Building } & 180,000 \\\text { Customer List } & 30,000 \\\text { Bonds Payable } & 100,000 \\\text { Acqui sition costs: } & \$ 10,000\end{array}$ If Poplar paid $300,000 what journal entries would be recorded by both Poplar Corp. and Sapling Company?

Recognize the role of self-concept in consumer behavior and marketing strategies.

Analyze how individuals use products and brands to express and shape their identities.

Distinguish between different aspects of self (e.g., ideal self, actual self) and their implications in social behavior and consumer decisions.

Identify the dynamics of self-esteem and its impact on personal and consumer behavior.

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Definitions:

Philanthropic Goodwill

The positive recognition and reputation a business gains through charitable activities and contributions to society.

Social Responsibility Pyramid

A concept that businesses are accountable to society and should act in a manner that benefits society at large, beyond their own interests.

Ethical Responsibility

The duty to make decisions and conduct oneself in a way that is fair, honest, and respects the rights and dignity of all stakeholders.

Philanthropic Goodwill

The positive reputation and brand value that an organization gains through its charitable actions and contributions to society.