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INTERSTATES SECURITIESANDEXCHANGECOMMISSION Washington,DC20549 FORM8K CURRENTREPORT PursuanttoSection13or15(d) oftheSecuritiesExchangeActof1934 DateofReport(Dateofearliesteventreported):November18,2015(September7,2015)

How to fill out afinancialstatementsofbusinessacquired

How to fill out a financial statement of a business acquired:

1. Gather all the necessary information: Before starting to fill out the financial statement, you will need to gather all relevant financial information regarding the business that has been acquired. This includes the financial records, statements, balance sheets, income statements, and any other supporting documents.
2. Identify the different sections: A financial statement of a business acquired typically consists of several sections, such as assets, liabilities, equity, revenue, and expenses. Make sure you understand and identify each section before proceeding to fill in the details.
3. Begin with the assets: Start by listing all the assets that have been acquired as part of the business acquisition. This may include tangible assets such as property, equipment, inventory, or intangible assets such as patents, copyrights, or trademarks. Provide a detailed description and valuation of each asset.
4. Record the liabilities: Next, document all the liabilities associated with the acquired business. This can include outstanding debts, loans, accounts payable, or any contractual obligations. Clearly state the amounts and terms of these liabilities.
5. Calculate equity: Determine the equity portion of the financial statement, which represents the ownership interest in the business acquired. This typically includes the initial investment made by the acquirer and any retained earnings from the acquired business. Provide any relevant details or adjustments that need to be made.
6. Summarize revenue and expenses: Include a section that outlines the revenue and expenses of the acquired business. This will help provide an overview of the profitability and financial performance of the business. Include detailed information about sales, costs of goods sold, operating expenses, and any extraordinary or non-recurring items.
7. Prepare supporting schedules: In addition to the main financial statement, it may be necessary to prepare supporting schedules or supplementary information, depending on the complexity of the acquisition. This can include depreciation schedules, amortization of intangible assets, or any contingencies that might affect the financial position of the acquired business.

Who needs a financial statement of a business acquired?

1. Business owners: If you are the owner of a business that has acquired another business, you will need a financial statement of the acquired business for various purposes. This could include assessing the financial health and performance of the acquired business, determining the fair value of assets, or reporting financial information to stakeholders or regulatory authorities.
2. Investors and shareholders: Investors or shareholders of the acquiring business may require a financial statement of the acquired business to evaluate the potential impact on the overall financial position and performance. This helps in making informed decisions regarding their investment or ownership interests.
3. Banks and financial institutions: When seeking financing or loans for the acquisition, banks and financial institutions may request a financial statement of the acquired business as part of their due diligence process. This allows them to assess the creditworthiness and financial stability of the acquired business to determine the feasibility of providing funding.
4. Auditors and accountants: Professionals involved in auditing or accounting the financial statements of the acquiring business may require the financial statement of the acquired business to ensure compliance with accounting standards and regulations. This helps in assessing the accuracy and completeness of financial reporting.
5. Government agencies and regulatory authorities: Government agencies or regulatory bodies that oversee business acquisitions may require a financial statement of the acquired business for regulatory compliance purposes. This ensures transparency, accountability, and adherence to relevant laws and regulations.

In conclusion, filling out a financial statement of a business acquired involves gathering all necessary information, identifying different sections, recording assets, liabilities, equity, revenue, and expenses, preparing supporting schedules, and ensuring compliance with accounting standards and regulations. It is needed by business owners, investors, banks, auditors, government agencies, and other stakeholders involved in the acquisition process.

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What is afinancialstatementsofbusinessacquired?

Financial statements of a business acquired are the reports that provide information about the financial position, performance, and cash flows of a company that has been acquired by another business.

Who is required to file afinancialstatementsofbusinessacquired?

The acquiring company is usually required to file the financial statements of a business acquired.

How to fill out afinancialstatementsofbusinessacquired?

To fill out financial statements of a business acquired, the acquiring company needs to gather financial data from the acquired business and prepare the necessary reports following accounting standards.

What is the purpose of afinancialstatementsofbusinessacquired?

The purpose of financial statements of a business acquired is to provide transparency and insight into the financial health and performance of the acquired entity.

What information must be reported on afinancialstatementsofbusinessacquired?

Financial statements of a business acquired must include balance sheets, income statements, cash flow statements, and notes to the financial statements.