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Can anybody manage to answer all of these?? Dwight Co. acquired 60% of Mose Co. for $420,000 on December 31,2019 when Mose's book value was
Can anybody manage to answer all of these??
Dwight Co. acquired 60% of Mose Co. for $420,000 on December 31,2019 when Mose's book value was $560,000. The Dwight stock was not actively traded. On the date of acquisition, Mose had equipment (with a ten-year life) that was undervalued in the financial records by $140,000. At December 31, 2020, the two companies provided the selected amounts shown below. 22) What amount would be the implied value of Mose Co. at the acquisition date? 23) What amount would be the initial value of noncontrolling interest? 24) What amount would be the annual excess amortization of fair value over book value? 25) What amount would be Equity in Mase Income reported by Dwight Co? 26) What amount would be consolidated Net Income? 27) What amount would be Income attributable to controlling interest Step by Step Solution
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