Crossover SAS Acquisition

On April 29, 2014, Crossover acquired the assets and liabilities of a French business. The acq
incorporated in a new company called Crossover SAS. The local team has submitted a trial b
30 to June 30, 2014. You have been asked to prepare USD balance sheets of Crossover SAS a

Guide to Workbook Sheets

Crossover SAS BS worksheet - trial balance for April 30 to June 30, 2014 (EUR)
Crossover SAS BS - this sheet will populate automatically when you complete the worksheet
HackerRank Answers - this sheet will populate automatically and be used to reference your a
Other Relevant Information
Crossover SAS purchase price in EUR
EUR/USD spot exchange rate on purchase date
EUR/USD rate on April 30, 2014
EUR/USD rate on June 30, 2014
EUR/USD average rate May 2014
EUR/USD average rate June 2014

Requirement
Prepare USD balance sheets of Crossover SAS at April 30 and June 30, 2014. All your working
in Crossover SAS BS Worksheet. You do not need to edit Crossover SAS BS, the balance shee

es of a French business. The acquired business was immediately

cal team has submitted a trial balance in EUR for the period April
alance sheets of Crossover SAS at April 30 and June 30, 2014.

ne 30, 2014 (EUR)

en you complete the worksheet.
and be used to reference your answers to enter into HackerRank

12,251,005
1.38367
1.3832
1.3645
1.3742
1.3598

d June 30, 2014. All your workings should be completed

ssover SAS BS, the balance sheets will populate automatically.

COMPTE
LIB_CPTE
101300 CAPITAL SOUSCRIT - APPELE, VER
104300 PRIMES D APPORT
151100 PROV.RC COMMERCIAL
151600 PROV.RC PERTES A TERMINAISON
153000 PROVIS PENSIONS OBLIG SIMIL
203000 RECHERCHE DEVELOPT GENERIX
207000 FONDS COMMERCIAL
218100 INSTALL, AGENCTS, AMENAGTS
218150 INSTAL GN AGENC AMN DIV
218400 MOBILIER DE BUREAU
280300 AMORT.FRAIS RECHERCHE ET DEVEL
281810 AMORT.INSTALL.AGCTS.AMENAGTS.
281815 AMORT INSTAL AGENC AMNAG
281840 AMORT.MOBILIER BUREAUX
401100 FOURNISSEURS
408100 FOURNISSEURS - FACT.NON PARVEN
411100 CLIENTS
416100 CLIENTS DOUTEUX
416150 CLIENTS DOUTEUX CENTRALISATEUR
416550 CLIENTS LITIGIEUX CENTRALIS.
418100 FAE HORS GROUPE LICENCES
418101 FAE HORS GROUPE MAINTENANCE
418103 FAE HORS GROUPE PRESTATIONS
419801 AAE HORS GROUPE MAINTENANCE
421100 REMUNERATIONS DUES
421700 ABONDEMENT
422100 COMITE D'ENTREPRISE
425000 PERSONNEL
425200 AVANCES PERMANENTES SUR NDF
427100 PERSONNEL OPPOSITION
427150 PERSON RETENUE LA SOURCE
428200 DETTES PROV.CONGES A PAYER
428615 PROV. PRIME & COMM'
431001 URSSAF ROUBAIX
437312 RETRAITE NOVALIS
437327 PREVOYANCE
437329 MUTUELLE INFLUE
437330 RETRAITE SUPPLM GENERALI
437401 ASSEDIC ROUBAIX
437500 MEDECINE DU TRAVAIL
437600 TICKETS RESTAURANT
438200 CHARGES SOCIALES S/CP
438615 CH SOC PROVIS PRIM & COMM
438750 INDEMN JOURNAL RECEVOIR
444100 CREDIT IMPOT RECHERCHE
445664 TVA DEDUCTIBLE NDF
445666 TVA DEDUCTIBLE 20%
445709 TVA COLLECTEE A 8,5%
445719 TVA COLLECTEE 19,6%
445720 TVA COLLECTEE A 20,6%
445722 TVA COLLECTEE 20%

April 30, 2014

-8,167,670
-4,083,335
-311,667
-171,127
-1,003,395
390,506
13,170,608
14,089
8,713
17,276

May-14

-4,302

-21,496
-1,419
-112
-330
-605,563
2,313,671
21,155
159,157
167,732
7,919
63,150
199,975
-10,946

-198,577
224,607

27,152
-8,430
-6,167
0

239
-13,024
1,500

-791,159
-224,018

-371,845
-105,288

-4,111
-26,441
0
0
52,486
17,982
1
-28,334
-5,914
-13,294
-61,839
0
-1,201
-16,866
-61,033
8,568
1,844

747,643
1,501
4
-2,089
-297,643
-21,155
-332,587

-37,072

445860 TVA S/FACT.NON PARVENUES

445870 TVA S/FACT.A ETABLIR
445871 TVA/AVOIRS A ETABLIR
448200 CHARGES FISCALES S/CP
448615 ETAT C P PROV PRIM&COMM
448633 FORMATION PROFES-CONTINUE
448634 EFFORT CONSTRUCTION
448635 TAXE APPRENTISSAGE
448636 TAXE HANDICAPES
448650 ETAT CH PAYER PROV AUTRES
467000 FACTOBAIL-CESSION DE CRANCES
467100 DEBITEURS DIVERS
486000 CHARGES CONSTATEES D'AVANCE
487100 PPDTS CONSTATES AVANCE LICENCS
487101 PCA HORS GROUPE MAINTENANCE
487103 PCA HORS GROUPE PRESTATIONS
487602 PCA GROUPE MAINTENANCE
511200 CHEQUES A ENCAISSER
512140 NATIXIS

83,679
-45,174
1,821
-14,478
-4,100

30,762
-3,120
1,028
316
329
-8,222
-2,313
-3,494

114,479
247,899
-30,500
-3,831,928
-493,521

509,316
92,379
-9,265

3,201,000

-640,405

0
0

195,480
0

Jun-14

4,757

-21,496
-1,419
-112
-330
-80,921
-276,151
-978,259

-7,919
-81,144
41,509
2,119
0
-4,945
7,595
0
-173
-147,457
38,026
-253,791
-30,586
-6,847
-13,294
-83,171
-33,940
-1,205
16,866
51,157
17,756
3,310
617
14,453
-524

-83,341

Total gnral Intacct GL Intacct Description

-8,167,670
41100 Common Stock
-4,083,335
41200 Share Premium
-311,667
31280 PROVISION FOR COMMERCIAL RISK
-170,671
31285 PROVISION FOR LOSSES ON COMPLETION
-1,003,395
33550 Accrued Pension/401K
390,506
23640 RESEARCH & DEVELOPMENT
13,170,608
23700 Goodwill
14,089
23250 Office Equipment
8,713
23200 Computer Equipment
17,276
23100 Furniture & Fixture
-42,991
24600 Accum Amort - Intangable Asset
-2,837
24250 Accum Deprec - Office Equipment
-224
24200 Accum Deprec - Computers
-660
24100 Accum Deprec - Furniture & Fixtures
-80,921
31200 Accrued Payable
-1,080,291
31200 Accrued Payable
1,560,020
14100 Accounts receivable-Trade
21,155
14500 Acccounts Receivable - Others
159,157
14500 Acccounts Receivable - Others
167,732
14500 Acccounts Receivable - Others
0
14600 Unbilled Revenue
9,158
14600 Unbilled Revenue
233,054
14600 Unbilled Revenue
-14,994
14600 Unbilled Revenue
0
33100 Accrued Payroll
239
22900 Other current Assets
-9,056
31200 Accrued Payable
-31,870
33100 Accrued Payroll
1,500
21250 Employee Advances
0
33200 Accrued Payroll Taxes
-173
33200 Accrued Payroll Taxes
-886,130
33101 Accrued Vacations
-168,009
33100 Accrued Payroll
-253,790
33200 Accrued Payroll Taxes
-58,921
33200 Accrued Payroll Taxes
-12,761
33200 Accrued Payroll Taxes
-26,588
33200 Accrued Payroll Taxes
-145,010
33200 Accrued Payroll Taxes
-33,940
33200 Accrued Payroll Taxes
-2,406
31200 Accrued Payable
0
31200 Accrued Payable
-381,722
33200 Accrued Payroll Taxes
-78,964
33200 Accrued Payroll Taxes
5,154
31200 Accrued Payable
747,643
21600 Tax Rec Long Term
2,118
35500 VAT Payable
14,457
35500 VAT Payable
-2,613
35500 VAT Payable
-297,643
35500 VAT Payable
-21,155
35500 VAT Payable
-452,999
35500 VAT Payable

-30,688
7,926
-353
-700
696
-9,890
-2,782
-4,203
-12,000
-3,504
1,367,672
0
495,242
-55,597
1,324
12,576
-518,306
661,448
0

83,753
35500 VAT Payable
-40,368
35500 VAT Payable
2,496
35500 VAT Payable
-14,863
33200 Accrued Payroll Taxes
-3,075
33200 Accrued Payroll Taxes
-18,113
33200 Accrued Payroll Taxes
-5,094
33200 Accrued Payroll Taxes
-7,698
33200 Accrued Payroll Taxes
-12,000
33200 Accrued Payroll Taxes
-3,504
31250 Accrued Other
114,479
31100 Accounts payable
1,367,672
14500 Acccounts Receivable - Others
247,899
21100 Prepaid Expense
-30,500
36500 Deferred Revenue - Consulting
-2,827,370
36005 Deferred Revenue - Maintenance
-456,739
36500 Deferred Revenue - Consulting
-7,941
36005 Deferred Revenue - Maintenance
12,576 11106-0ACH Undeposited ACH
2,042,289
11207 Natixis Paris -Crossover SAS-EUR -04608525000
856,929
0

45000 Retained Earnings

April 30, 2014

Balance Sheet Category
Exchange Rate Balance in USD
Common Stock
Common Stock
Accrued Payable
Accrued Payable
Accrued Tax
Intangible Assets
Goodwill
Fixed Assets
Fixed Assets
Fixed Assets
Amortization of Intangible Assets
Accumulated Depreciation
Accumulated Depreciation
Accumulated Depreciation
Accrued Payable
Accrued Payable
Accounts Receivable - 3rd Party
Accounts Receivable - 3rd Party
Accounts Receivable - 3rd Party
Accounts Receivable - 3rd Party
Prepaid and Other Expenses
Prepaid and Other Expenses
Prepaid and Other Expenses
Prepaid and Other Expenses
Accrued Payable
Prepaid and Other Expenses
Accrued Payable
Accrued Payable
Prepaid and Other Expenses
Accrued Tax
Accrued Tax
Accrued Payable
Accrued Payable
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Payable
Accrued Payable
Accrued Tax
Accrued Tax
Accrued Payable
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax

Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Payable
Accounts Payable - Trade
Accounts Receivable - 3rd Party
Prepaid and Other Expenses
Deferred Revenue
Deferred Revenue
Deferred Revenue
Deferred Revenue
Cash & Cash Equivalents
Cash & Cash Equivalents
Current Year Net Income
Other comprehensive income/loss

Balance Sheet Category

Exchange Rate
Common Stock
Common Stock
Accrued Payable
Accrued Payable
Accrued Tax
Intangible Assets
Goodwill
Fixed Assets
Fixed Assets
Fixed Assets
Amortization of Intangible Assets
Accumulated Depreciation
Accumulated Depreciation
Accumulated Depreciation
Accrued Payable
Accrued Payable
Accounts Receivable - 3rd Party
Accounts Receivable - 3rd Party
Accounts Receivable - 3rd Party
Accounts Receivable - 3rd Party
Prepaid and Other Expenses
Prepaid and Other Expenses
Prepaid and Other Expenses
Prepaid and Other Expenses
Accrued Payable
Prepaid and Other Expenses
Accrued Payable
Accrued Payable
Prepaid and Other Expenses
Accrued Tax
Accrued Tax
Accrued Payable
Accrued Payable
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Payable
Accrued Payable
Accrued Tax
Accrued Tax
Accrued Payable
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax

June 30, 2014

Balance in USD
-

Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Tax
Accrued Payable
Accounts Payable - Trade
Accounts Receivable - 3rd Party
Prepaid and Other Expenses
Deferred Revenue
Deferred Revenue
Deferred Revenue
Deferred Revenue
Cash & Cash Equivalents
Cash & Cash Equivalents
Current Year Net Income
Other comprehensive income/loss

1.3645
1.3645
1.3645

Crossover SAS Balance Sheets in USD

US$'000

June 30, 2014

April 30, 2014

Cash & Cash Equivalents

Accounts Receivable - 3rd Party
Allowance for Doubtful Accounts
Accounts Receivable - Net
Prepaid and Other Expenses

0
0
0
0
0

0
0
0
0
0

Total Current Assets

Fixed Assets
Accumulated Depreciation
Net Fixed Assets
Goodwill
Intangible Assets
Amortization of Intangible Assets
Intangible Assets Net

0
0
0
0
0
0
0

0
0
0
0
0
0
0

Total Non Current Assets

Total Assets

Accounts Payable - Trade

Accrued Payable
Short Term Debt
Accrued Tax
Deferred Revenue

0
0
0
0
0

0
0
0
0
0

Total Current Liabilities

Long-Term Debt

Total Non Current Liabilities

Total Liabilities

Common Stock
Additional Paid -In-Capital
Other comprehensive income/loss
Retained Earnings, prior year
Current Year Net Income
Retained Earnings

0
0
0
0
0
0

0
0
0
0
0
0

Total Equity

Total Liabilities and Equity

Check

Hacker Rank Question NumberAnswer

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