Merger
In 2018, PepsiCo, Inc. acquired SodaStream, a sparkling water maker, for $4,680 million in cash. At the acquisition date, SodaStream's identifiable net assets had fair values as follows (in
millions):
Inventories $246
Property, plant and equipment 270
Intangible assets 2,974
Other net assets (130)
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.
Debit Credit
0 0
0 0
0 0
0 0
0 0
0 0