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assignment due soon please need the solution ASAP. Fargus Corporation owned 51% of the voting common stock of Sanatee, Inc. The parent's interest was acquired
assignment due soon please need the solution ASAP. Fargus Corporation owned 51% of the voting common stock of Sanatee, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition price. On January 1, 2020, Sanatee sold $1,500,000 in ten-year bonds to the public at 110. The bonds pay a 10% interest rate every December 31. Fargus acquired 30% of these bonds on January 1, 2022, for 98% of the face value. Both companies utilized the straight-line method of amortization. (You can upload the file with your work with Multiple choices altogether at the end) Show the amortization schedules from Fargus's and Sanatee's perspectives? Prepare schedules to show numerical answers for balances that would be needed for the entry. How much is the gain or loss from intra-entity bond transaction on Jan 1 2022. What consolidation entry would be recorded in connection with these intra-entity bonds on December 31, 20227 What consolidation entry would be recorded in connection with these intra-entity bonds on December 31, 20237 What consolidation entry would be recorded in connection with these intra-entity bonds on December 31, 20247
assignment due soon please need the solution ASAP.
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