When valley co acquired 80% of the common stock Coleman Co. Coleman owned land with a book value of 75000 and a fair value of 125000 What amount of excess land allocation attributed to the controlling interest at the acquisition date? 0 12500 40000 50000 60000

Q: When Jolt Co. acquired 75% of the common stock of Yelts Corp., Yelts owned land with a book value of…

A: The consolidated balance sheet is a financial statement that indicates the overall position of…

Q: Assume Investor A pays $900,000 for 100% ownership of Company B. At the time of the acquisition,…

A: Fair value of net identifiable assets is also written as FVNIA. It is the amount of net identifiable…

Q: X co, purchased 100% of Y Common stock at 1/1/2020 for $ 300,000 ,on the same date the y co stock…

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Q: (TCO D) When Timber Co. acquired 75% of the common stock of Woody Corp., Woody owned land with a…

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A: Note: While taking the decision for the elimination of a particular division, profit and loss for…

Q: P Company paid $5,000,000 (cash) for an 80% interest in S Company on 7/1/07. The book values and…

A: Goodwill is referred to as an intangible asset that is related to the purchase of one company by…

Q: X co, purchased 75% of Y Common stock at 1/1/2020 for $ 300,000 ,on the same date the y co stock was…

A: Goodwill on transaction of business combination is calculated by subtracting the fair value of…

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A: Eliminate the equity of Saul Corporation:Dr. InvestmentinSaulCorporation150,000Cr.…

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A: Answer:-  Goodwill :- When a company is acquired by another, goodwill an intangible asset is also…

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A: Joint Cost :— Cost that is jointly incurred for more than one product.    Joint Cost Allocation :—…

Q: repare all necessary eliminating entries at 12/31/X3. Hint - there are 4.

A: Goodwill $85,500 Detailed  explanation Fair Value of Net Assets = 400,000 (Capital Stock) +…

Q: X co, purchased 100% of Y Common stock at 1/1/2020 for $ 300,000 ,on the same date the y co stock…

A: Consolidated financial statements are a set of financial statements prepared for a group company…

Q: When valley view acquired 80% of the common stock of Coleman Co. Coleman owned land with a book…

A: The consolidated financial statement is prepared by the parent company that indicates the overall…