On March 1,2014,the Hauk Company paid $400,000 for all the issued and outstanding stock of Bodo Corporation in a transaction properly accounted for as a purchase.The market values of the assets and liabilities of Bodo Corporation on March 1,2014,are as follows:

Make the journal entry necessary for Hauk to record the purchase.

Question

On March 1,2014,the Hauk Company paid $400,000 for all the issued and outstanding stock of Bodo Corporation in a transaction properly accounted for as a purchase.The market values of the assets and liabilities of Bodo Corporation on March 1,2014,are as follows:
  
Make the journal entry necessary for Hauk to record the purchase.

Quizplus · Accepted Answer

The Answer of On March 1,2014,the Hauk Company paid $400,000 for all the issued and outstanding stock of Bodo Corporation in a transaction properly accounted for as a purchase.The market values of the assets and liabilities of Bodo Corporation on March 1,2014,are as follows:
  
Make the journal entry necessary for Hauk to record the purchase.

On March 1,2014,the Hauk Company Paid $400,000 for All the Issued