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a. Prepare Peregrine's acquisition-date fair-value allocation schedule for its investment in Osprey. b. Show how Peregrine determined its December 31, 2015, Investment in Osprey balance.

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a.

Prepare Peregrine's acquisition-date fair-value allocation schedule for its investment in Osprey.

b.

Show how Peregrine determined its December 31, 2015, Investment in Osprey balance.

c.

Prepare a worksheet to determine the balances for Peregrine's December 31, 2015, consolidated financial statements.

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