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business comb question. Please highlight answer On sanuary 1,2020, Ridge Road Company acquired 30 percent of the voting shares of Sauk Trail, Inc, for $4,600,000

business comb question. Please highlight answer
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On sanuary 1,2020, Ridge Road Company acquired 30 percent of the voting shares of Sauk Trail, Inc, for $4,600,000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to gain access to Sauk Trail's board of directors and thus facilitate future cooperative agreements between the two firms. Ridge Road quickly obtained severai seats on Sauk Trail's board, which gave it the ability to significantly influence Sauk Trail's operating and investing activities. The January 1,2020, carrying amounts and corresponding fair values for Sauk Trail's assets and liabilities follow: Aiso, as of January 1, 2020, Sauk Trair's computing equipment had a seven-year remaining estimated useful life. The patented technology was estimated to have a three-year remaining useful life. The trademark's useful life was considered indefinite Ridge Road attrbuted to goodwill any unidentified excess cost.: Diang the next two years, Sauk Trail reported the following net income and dividends: a. How mach of Ridge Road's $4,600,000 payment for Sauk Trail is attributable to goodwill? b. What amount should Ridge Road report for its equity in Sauk Trails earnings on its income statements for 2020 and 2021 ? c. What amount should Ridge Road report for its investment in Satik-Trail on its balance sheets at the end of 2020 and 2021 ? Complete this question by ontering your answers in the tabs below. A- Whit ainount should Ridge flood repart for ite investment in Sauk trall on its balance sheecs at the end of 20200 and 202213 How much of Ridge Road's $4,600,000 payment for Sauk Trail is attributable to goodwill? What amount should Ridge Road report for its equity in Sauk Trail's eaprnings on its income statements for 2020 and 2021 ? What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets a the end of 2020 and 2021 ? Complete this question by entering your answers in the tabs below. How much of Ridge Road's $4,600,000 payment for Sauk Trail is attributable to goodwill? ttrbuted to goodwill any unidentified excess cost. During the next two years, Sauk Trail reported the following net income and dividends: a. How much of Ridge Road's $4,600,000 payment for Sauk Trail is attributable to goodwill? b. What amount should Ridge Road report for its equity in Sauk Trail's earnings on its income statements for 2020 and 2021? c. What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021? Complete this question by entering your answers in the tabs below. b. What amount should Ridge Road report for its equity in Sauk Trail's eamings on its income statements for 2020 and 20212 c. What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021

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