kcceff4085
kcceff4085
24.06.2019 • 
Business

Sun corporation concluded the fair value of tender company was $68,000 and paid that amount to acquire its net assets. tender reported assets with a book value of $48,000 and fair value of $69,000 and liabilities with a book value and fair value of $28,000 on the date of combination. sun also paid $11,000 to a search firm for finder’s fees related to the acquisition. prepare the journal entries to be made by sun to record its investment in tender and its payment of the finder’s fees. record the acquisition of assets. record the payment of finder's fees.

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