Hii, Tutor Give answer to this Problem On January 1, 2020 Heart acquires 100% of Eye in a statutory merger. At the acquisitiondate, the following were the book values and fair values of fixed assets of these twocompanies:Book Value Fair ValueHeart 850,000Eye 210,000790,000290,000a. What is consolidated fixed assets under the acquisition method.b. What is consolidated fixed assets under the purchase method.c. What is consolidated fixed assets under the pooling of interests method.

Definition of Acquisition Method:The acquisition method is a consolidation approach used when one…

Answered: On January 1, 2020 Heart acquires 100%…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 30E

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On January 1, 2010 Hand acquires 100% of Finger in a statutory merger. At acquisition date the following were the book values and fair values of fixed assets of these two companies: Book Value. Fair Value Hand 900,000 800,000 Finger 200,000 300,000 a. What is consolidated fixed assets under the acquisition method b. What is consolidated fixed assets under the purchase method c.What is consolidated fixed assets under the pooling of interests method thank you
The book values and fair values of fixed assets of these two companies
Calculate fixed assets
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Fixed assets of financial
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