A.	BV
	ClassCo %			% BV-ClassCo
					ClassCo .Amt. Excess of BV
			Paid
					Excess Attributed	Amortize/deprec.
					To ClassCo	ClassCo
		StudentCo book value	Fair Value	Life	25%	per year
	PPE	$5,00,000	$5,80,000	5
	Patents	$-	$2,40,000	10
	Trademarks	$-	$75,000	indefinite
				Total attributable to ClassCo before goodwill
				Goodwill attributable to ClassCo
				BV classCo
				Total:
B.	ClassCo :
	Investment: Beginning
		Dividends from StudentCo
		Income share of StudentCo
	Amortization @ ClassCo of StudentCo
		PPE
		Patents
				Sum adjustments
	AND show Journal Entries
C.		ClassCo Ending investment acct. balance

S 270,000 : on 12/31/2xx1 ClassCo buys 25% of StudentCo for : StudentCo. BS Brief Assets 21,70,000 Liabilities S 18,00,000 Equity S 3,70,000 During ClassCo review of StudentCo, it was determined certain assets were either on StudentCo BS below fair value or that the assets were not on BS at all, to wit StudentCo BS value Fair Value Life S 5,00,000 S 5,65,000 PPE Patents Trademarks S S 2,35,000 S 75,000 indefinite 10 During year after acquisition StudentCo had: paid dividends to all shareholders the total of: S 40,000 Recorded net Income of: S 1,04,000 TO do: A Schedule of values attributable to ClassCo investment including in excess of book value [BVI totalling to amount paid for in'estment Based upon fact set above Prepare Journal Entries in year after acquisition including at that YE of StudentCo activities&any Deprec. Or amortization on 12/31/2xx1 B Complete schedule below AND for YE 2xx2 for YE 2xx2 S 270,000 : on 12/31/2xx1 ClassCo buys 25% of StudentCo for : StudentCo. BS Brief Assets 21,70,000 Liabilities S 18,00,000 Equity S 3,70,000 During ClassCo review of StudentCo, it was determined certain assets were either on StudentCo BS below fair value or that the assets were not on BS at all, to wit StudentCo BS value Fair Value Life S 5,00,000 S 5,65,000 PPE Patents Trademarks S S 2,35,000 S 75,000 indefinite 10 During year after acquisition StudentCo had: paid dividends to all shareholders the total of: S 40,000 Recorded net Income of: S 1,04,000 TO do: A Schedule of values attributable to ClassCo investment including in excess of book value [BVI totalling to amount paid for in'estment Based upon fact set above Prepare Journal Entries in year after acquisition including at that YE of StudentCo activities&any Deprec. Or amortization on 12/31/2xx1 B Complete schedule below AND for YE 2xx2 for YE 2xx2