Can you answer the following questions?

1. On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Current assets Noncurrent assets Total assets Current liabilities Long-term debt Stockholders ' equity Total liabilities and equities $ Strand 77,750 $ 109,000 14,75 0 49,50 0 $ 186,750 $ 64,25 0 $ 46,750 $ 14,25 0 60,000 80,000 $ 50,00 0 186,750 $ 64,25 0 On January 2, Park borrowed $64,800 and used the proceeds to obtain 80 percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $64,800 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60 percent) and to goodwill (40 percent). On a consolidated balance sheet as of January 2, what should be the amount for noncurrent liabilities? A.$104,320 B.$124,800 C.$60,000 D. $118,320 2. On January 1, 2012, Harrison, Inc., acquired 90 percent of Starr Company consideration. The total fair value of Starr Company was assessed at $1,200,0 fair-value amortization of $8,000 based on the difference between Starr's tota fair value. The subsidiary reported earnings of $70,000 in 2012 and $90,000 $30,000 each year. Apart from its investment in Starr, Harrison had income o 2013. a. What is the consolidated net income in each of these two years? 2012 Consolidated net income $ b. What is the ending noncontrolling interest balance as of December 31, 20 Noncontrolling interest balance 3. On January 1, 2013, Morey, Inc., exchanged $167,900 for 25 percent of Amsterdam Corporation. Morey appropriately applied the equity method to this investment. At January 1, the book values of Amsterdam's assets and liabilities approximated their fair values. On June 30, 2013, Morey paid $602,000 for an additional 70 percent of Amsterdam, thus increasing its overall ownership to 95 percent. The price paid for the 70 percent acquisition was proportionate to Amsterdam's total fair value. At June 30, the carrying amounts of Amsterdam's assets and liabilities approximated their fair values. Any remaining excess fair value was attributed to goodwill. Amsterdam reports the following amounts at December 31, 2013 (credit balances shown in parentheses): Revenues Expenses Retained earnings, January 1 Dividends, October 1 Common stock $ (381,00 ) 0 221,000 (212,40 ) 0 20,000 (500,00 ) 0 Amsterdam's revenue and expenses were distributed evenly throughout the year and no changes in Amsterdam's stock have occurred. a. Using the acquisition method, calculate the acquisition-date fair value of Amsterdam to be included in Morey's consolidated financial statements. Acquisition-date fair value $ Using the acquisition method, calculate the revaluation gain (or loss) reported by Morey for its 25 percent b. investment in Amsterdam on June 30. (Input the amount as a positive value.) $ c. Using the acquisition method, calculate the amount of goodwill recognized by Morey on its December 31 balance sheet (assume no impairments have been recognized). Goodwill $ d. Using the acquisition method, calculate the noncontrolling interest amount reported by Morey on its June 30 and December 31 consolidated balance sheet. Noncontrolling interest on June 30 Noncontrolling interest on December 31 $ $ 1. On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Current assets Noncurrent assets Total assets Current liabilities Long-term debt Stockholders ' equity Total liabilities and equities $ Strand 77,750 $ 109,000 14,75 0 49,50 0 $ 186,750 $ 64,25 0 $ 46,750 $ 14,25 0 60,000 80,000 $ 50,00 0 186,750 $ 64,25 0 On January 2, Park borrowed $64,800 and used the proceeds to obtain 80 percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $64,800 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60 percent) and to goodwill (40 percent). On a consolidated balance sheet as of January 2, what should be the amount for noncurrent liabilities? A.$104,320 B.$124,800 C.$60,000 D. $118,320 2. On January 1, 2012, Harrison, Inc., acquired 90 percent of Starr Company consideration. The total fair value of Starr Company was assessed at $1,200,0 fair-value amortization of $8,000 based on the difference between Starr's tota fair value. The subsidiary reported earnings of $70,000 in 2012 and $90,000 $30,000 each year. Apart from its investment in Starr, Harrison had income o 2013. a. What is the consolidated net income in each of these two years? 2012 Consolidated net income $ b. What is the ending noncontrolling interest balance as of December 31, 20 Noncontrolling interest balance 3. On January 1, 2013, Morey, Inc., exchanged $167,900 for 25 percent of Amsterdam Corporation. Morey appropriately applied the equity method to this investment. At January 1, the book values of Amsterdam's assets and liabilities approximated their fair values. On June 30, 2013, Morey paid $602,000 for an additional 70 percent of Amsterdam, thus increasing its overall ownership to 95 percent. The price paid for the 70 percent acquisition was proportionate to Amsterdam's total fair value. At June 30, the carrying amounts of Amsterdam's assets and liabilities approximated their fair values. Any remaining excess fair value was attributed to goodwill. Amsterdam reports the following amounts at December 31, 2013 (credit balances shown in parentheses): Revenues Expenses Retained earnings, January 1 Dividends, October 1 Common stock $ (381,00 ) 0 221,000 (212,40 ) 0 20,000 (500,00 ) 0 Amsterdam's revenue and expenses were distributed evenly throughout the year and no changes in Amsterdam's stock have occurred. a. Using the acquisition method, calculate the acquisition-date fair value of Amsterdam to be included in Morey's consolidated financial statements. Acquisition-date fair value $ Using the acquisition method, calculate the revaluation gain (or loss) reported by Morey for its 25 percent b. investment in Amsterdam on June 30. (Input the amount as a positive value.) $ c. Using the acquisition method, calculate the amount of goodwill recognized by Morey on its December 31 balance sheet (assume no impairments have been recognized). Goodwill $ d. Using the acquisition method, calculate the noncontrolling interest amount reported by Morey on its June 30 and December 31 consolidated balance sheet. Noncontrolling interest on June 30 Noncontrolling interest on December 31 $ $ 1. On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Current assets Noncurrent assets Total assets Current liabilities Long-term debt Stockholders ' equity Total liabilities and equities $ Strand 77,750 $ 109,000 14,75 0 49,50 0 $ 186,750 $ 64,25 0 $ 46,750 $ 14,25 0 60,000 80,000 $ 50,00 0 186,750 $ 64,25 0 On January 2, Park borrowed $64,800 and used the proceeds to obtain 80 percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $64,800 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60 percent) and to goodwill (40 percent). On a consolidated balance sheet as of January 2, what should be the amount for noncurrent liabilities? A.$104,320 B.$124,800 C.$60,000 D. $118,320 2. On January 1, 2012, Harrison, Inc., acquired 90 percent of Starr Company consideration. The total fair value of Starr Company was assessed at $1,200,0 fair-value amortization of $8,000 based on the difference between Starr's tota fair value. The subsidiary reported earnings of $70,000 in 2012 and $90,000 $30,000 each year. Apart from its investment in Starr, Harrison had income o 2013. a. What is the consolidated net income in each of these two years? 2012 Consolidated net income $ b. What is the ending noncontrolling interest balance as of December 31, 20 Noncontrolling interest balance 3. On January 1, 2013, Morey, Inc., exchanged $167,900 for 25 percent of Amsterdam Corporation. Morey appropriately applied the equity method to this investment. At January 1, the book values of Amsterdam's assets and liabilities approximated their fair values. On June 30, 2013, Morey paid $602,000 for an additional 70 percent of Amsterdam, thus increasing its overall ownership to 95 percent. The price paid for the 70 percent acquisition was proportionate to Amsterdam's total fair value. At June 30, the carrying amounts of Amsterdam's assets and liabilities approximated their fair values. Any remaining excess fair value was attributed to goodwill. Amsterdam reports the following amounts at December 31, 2013 (credit balances shown in parentheses): Revenues Expenses Retained earnings, January 1 Dividends, October 1 Common stock $ (381,00 ) 0 221,000 (212,40 ) 0 20,000 (500,00 ) 0 Amsterdam's revenue and expenses were distributed evenly throughout the year and no changes in Amsterdam's stock have occurred. a. Using the acquisition method, calculate the acquisition-date fair value of Amsterdam to be included in Morey's consolidated financial statements. Acquisition-date fair value $ Using the acquisition method, calculate the revaluation gain (or loss) reported by Morey for its 25 percent b. investment in Amsterdam on June 30. (Input the amount as a positive value.) $ c. Using the acquisition method, calculate the amount of goodwill recognized by Morey on its December 31 balance sheet (assume no impairments have been recognized). Goodwill $ d. Using the acquisition method, calculate the noncontrolling interest amount reported by Morey on its June 30 and December 31 consolidated balance sheet. Noncontrolling interest on June 30 Noncontrolling interest on December 31 $ $