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( 2 0 pts ) Blackfish Company purchased 1 0 0 % of Tautog Company on January 1 , 2 0 2 1 for $
pts Blackfish Company purchased of Tautog Company on January for $ in cash. On the day of the purchase, Tautog had the following net assets: Blackfish uses the equity method, as required. a Prepare a schedule showing how to allocate the difference in fair value given up by Blackfish and what is received from Tautog. b Determine the amortization of excess for c Assume that the purchase was a merger. Record the purchase on the books of Blackfish.
pts Blackfish Company purchased of Tautog Company on January for $ in cash. On the day of the purchase, Tautog had the following net assets:
Blackfish uses the equity method, as required.
a Prepare a schedule showing how to allocate the difference in fair value given up by Blackfish and what is received from Tautog.
b Determine the amortization of excess for
c Assume that the purchase was a merger. Record the purchase on the books of Blackfish.
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