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1 January, 2 0 2 2 , T - basset company invested 3 , 8 0 0 , 0 0 0 $ for 8 0
January, Tbasset company invested $ for of Sunrise company outstanding shares, in that date the fair value of Sunrise is equal to its book value except inventories was undervalued equipment years overvalued years bonds dated undervalued years notes payable overvalued and unrecorded franchise estimated years' useful life. Sunrise owner's equity was $ shares, premiums and as retained earnings, the following are selective information about the parent and its subsidiary:
The sunrise sold building to Tbasset for when its net book value was and estimated to use for years in
In Tbasset sold goods for which cost on account to sunrise, in ending sunrise inventory was include from these goods.
In an equipment with book value and accumulated depreciation for basset was sold to sunrise for with years useful life.
During Sunrise Company sold goods for including markup sunrise received half cash. Ending inventory in sunrise was
Income and dividend during years:
tabletableTbasset without income fromsubsidiarySunriseYearIncome,Dividend,Income,Dividend
Required:
Prepare table of amortization from
Complete the following table Tbasset Retained earnings :
table
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