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Case
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Reference no. UVA-C-2071
Subject category: Finance, Accounting and Control
Authors: E Richard Brownlee II (Darden School of Business, University of Virginia); Frederick H Garner (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Published in: 1990
Length: 9 pages
Data source: Published sources
Topics: Acquisitions; Assets; Financial accounting, Balance sheet; Income statement; Owner equity
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Abstract

This case requires students to prepare a pro-forma consolidated income statement and a pro-forma consolidated balance sheet to reflect the acquisition of Kraft by Philip Morris, accounted for as a ''purchase''. It also asks students to consider the income-tax consequences of the acquisition at both the corporate and shareholder levels.
Industry:
Food, beverage
Teaching note
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Reference no. UVA-C-2071TN
Subject category: Finance, Accounting and Control
Authors: E Richard Brownlee II (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Published in: 1992
Length: 4 pages
Data source: Published sources
View full details

About

Abstract

This case requires students to prepare a pro-forma consolidated income statement and a pro-forma consolidated balance sheet to reflect the acquisition of Kraft by Philip Morris, accounted for as a ''purchase''. It also asks students to consider the income-tax consequences of the acquisition at both the corporate and shareholder levels.

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Industry:
Food, beverage

Related

Teaching note
-
Reference no. UVA-C-2071TN
Subject category: Finance, Accounting and Control
Authors: E Richard Brownlee II (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Published in: 1992
Length: 4 pages
Data source: Published sources
View full details