FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:In 2018, PepsiCo, Inc. acquired SodaStream, a sparkling water maker, for $3,343 million in cash. At the
acquisition date, SodaStream's identifiable net assets had fair values as follows (in millions):
Inventories
$176
Property, plant and equipment
193
Intangible assets
2,124
Other net assets
(93)
Required
Prepare the journal entry necessary to record this acquisition on PepsiCo's books, assuming it is
reported as a merger.
Note: Provide all answers in millions.
To record acquisition of SodaStream.
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