$2^{nd}$ Assignment

On January $1,2022$ San Company acquired $80\%$ in Pol Company's outstanding common stock for $$560,000$ cash. The stockholders' equity of Pol on January $1,2022$ consisted of $$550,000$ capital stock and $$100,000$ retained earnings.

The excess value was assigned to inventory that was undervalued $($f$.$v$>$b$.$v$)$ by $$20,000$ and, $$20,000$ to overvalued $($b$.$v$>$f$.$v$)$ buildings, $$30,000$ to undervalued$($f$.$v$>$b$.$v$)$ equipment.

The undervalued inventory items were sold during $2022,$ and the overvalued buildings and equipment had remaining useful lives of five years and three years, respectively. Depreciation is straight line method, and the remainder is goodwill with unamortization.

San and Pol consolidation work paper at $31/12/2022$

$\backslash$table$[[$Accounts$,\backslash$table$[[$San$],[\frac{31}{12}\frac{?}{2022}$