Can you answer the attached?

1. Racer Corp. acquired all of the common stock of Tangiers Co. in 2009. Tangiers maintained its incorporation. Which of Racer's account balances would vary between the equity method and the initial value method? A. Goodwill, Investment in Tangiers Co., and Retained Earnings. B. Expenses, Investment in Tangiers Co., and Equity in Subsidiary Earnings. C. Investment in Tangiers Co., Equity in Subsidiary Earnings, and Retained Earnings. D. Common Stock, Goodwill, and Investment in Tangiers Co. E. Expenses, Goodwill, and Investment in Tangiers Co. 2 A. B. C D. E. Parrett Corp. acquired one hundred percent of Jones Inc. on January 1, 2009, at a price in excess of the subsidiary's fair value. On that date, Parrett's equipment (ten-year life) had a book value of $360,000 but a fair value of $480,000. Jones had equipment (ten-year life) with a book value of $240,000 and a fair value of $350,000. Parrett used the partial equity method to record its investment in Jones. On December 31, 2011, Parrett had equipment with a book value of $250,000 and a fair value of $400,000. Jones had equipment with a book value of $170,000 and a fair value of $320,000. What is the consolidated balance for the Equipment account as of December 31, 2011? $387,000. $497,000. .$508.000. $537,000. $570,000. 3. On January 1, 2010, Cale Corp. paid $1,020,000 to acquir Kaltop maintained separate incorporation. Cale used the equ account for the investment. The following information is ava Kaltop's assets, liabilities, and stockholders' equity accounts Kaltop earned net income for 2010 of $126,000 and paid dividen during the year. What is the balance in Cale's investment in subsidiary A. $1,099,000. B. $1,020,000. C. $1,096,200. D. $1,098,000. E. $1,144,400. 4. Cashen Co. paid $2 acquire all of the com Janex Corp. on Janu Janex's reported earn totaled $432,000, and in dividends during t amortization of alloc the investment was $ net income, not inclu investment, was $3,18 paid dividends of $90 On the consolidated fi for 2010, what amoun shown for A. B. C. D. 6. Perry Company acquires 100% of the stock of Hurley Corporation on January 1, 2010, for $3,800 cash. As of that date Hurley has the following trial balance; Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life. FIFO inventory valuation method is used. Compute the consideration transferred in excess of book value acquired at January 1, 2010. A. $150. B. $700. C. $2,200. D. $550. E. $2,900