4 King's Road recently acquired all of Oxford Corporation's stock and is now consolidating the financial data of this new subsidiary. King's Road paid a total of $810,000 for Oxford, which has the following accounts: -.85 oints Accounts receivable Inventory Land Buildings Equipment Liabilities Fair value $ 184,800 132,eee 114, eee 221,750 212,750 (272,00) Tax Basis $184,000 132,600 114,000 157,000 159,800 (272,000) eBook Print Required: a. What amount of deferred tax liability arises in the acquisition? b. What amounts will be used to consolidate Oxford with King's Road at the date of acquisition? c. On a consolidated balance sheet prepared Immediately after this takeover, how much goodwill should King's Road recognize? Assume a 21 percent effective tax rate. References Complete this question by entering your answers in the tabs below. Required A Required B Required What amount of deferred tax liability arises in the acquisition? Deferred tax liability Required A Required B 4 King's Road recently acquired all of Oxford Corporation's stock and is now consolidating the financial data of this new subsidiary. King's Road pald total of $810,000 for Oxford, which has the following accounts: 2.85 points Accounts receivable Inventory Land Buildings Equipment Liabilities Fair value Tax Basis $ 184,800 $184,000 132, eee 132,00 114, eee 114,000 221,750 157,00 212,750 159,000 (272, eee) (272,000) eBook Required: Print . a. What amount of deferred tax liability arises in the acquisition? b. What amounts will be used to consolidate Oxford with King's Road at the date of acquisition? c. On a consolidated balance sheet prepared Immediately after this takeover, how much goodwill should King's Road recognize? Assume a 21 percent effective tax rate. References Complete this question by entering your answers in the tabs below. Required A Required B Required What amounts will be used to consolidate Oxford with King's Road at the date of acquisition? (Credit balances should be indicated with minus sign.) Amount Assigned to specific accounts 4. King's Road recently acquired all of Oxford Corporation's stock and is now consolidating the financial data of this new subsidiary. King's Road pald total of $810,000 for Oxford, which has the following accounts: 2.85 points Accounts receivable Inventory Land Buildings Equipment Liabilities Fair value Tax Basis $ 184,800 $ 184,000 132, eee 132,000 114,000 114,000 221,750 157,000 212,750 159, eee (272, eee) (272,000) eBook Required: Print a. What amount of deferred tax liability arises in the acquisition? b. What amounts will be used to consolidate Oxford with King's Road at the date of acquisition? c. On a consolidated balance sheet prepared immediately after this takeover, how much goodwill should King's Road recognize? Assume a 21 percent effective tax rate. References Complete this question by entering your answers in the tabs below. Required A Required B Required On a consolidated balance sheet prepared immediately after this takeover, how much goodwill should King's Road recognize? Assume a 21 percent effective tax rate. Goodwill