1. (20 pts) Calamari Companypurchased 30% of Squid Company for $875,000 in cash on January 1,2021. On the date of purchase, Squid??s book value was

1. (20 pts) Calamari Companypurchased 30% of Squid Company for $875,000 in cash on January 1,2021. On the date of purchase, Squidâ??s book value was $2,200,000.Excess of cost over book value 2 answers