. Prepare the determination and distribution schedule for this business combination
On December 31, 20X1, Parent Company purchased 80% of the common stock of Subsidiary Company for $280,000. On this date, Subsidiary had total owners' equity of $250,000 (common stock $20,000; other paid-in capital, $80,000; and
Required:
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b. |
Prepare the determination and distribution schedule for this business combination |
on 31st december,20X1, parents hold 80% of stock of subsidiary
Purchase consideration = 280,000 dollars
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