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Can you please help me figure out the ones I got incorrect please? 2 On July 1, 2018, Truman Company acquired a 70 percent interest

Can you please help me figure out the ones I got incorrect please?

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2 On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $785,225 in cash and equity securities. The remaining 30 percent of Atlanta's shares traded closely near an average price that totaled $336,525 both before and after Truman's acquisition. In reviewing its acquisition, Truman assigned a $128,500 fair value to a patent recently developed by Atlanta, even though it was not recorded within the financial records of the subsidiary. This patent is anticipated to have a remaining life of five years. points The following financial information is available for these two companies for 2018. In addition, the subsidiary's income was earned uniformly throughout the year. The subsidiary declared dividends quarterly. eBook Trumar Atlanta $ (726,645 (571,000) Operating expenses Income of subsidiary 473,000 61,355 370,00 Print $ (315,000 (201,000) $ (875,000 (530,000) Net income Retained earnings, 1/1/18 Net income (above) Dividends declared References (315,000) (201,000) 160,00090,000 $(,030,000 (641,000) Retained earnings, 12/31/18 Current assets Investment in Atlanta Land $ 396,920 $404,000 815,080 457,000 763,000 232,000 649,000 2,432,000 1,285,000 $ (902,000 (324,000) Total assets Liabilities Common stock Additional paid-in capital Retained earnings, 12/31/18 (95,000) (405,000) (300,000) (20,000) 1,030,000)641.000 $ (2,432,000 $(1,285,000) Cotal liabilities and stockholders' equity a. How did Truman allocate Atlanta's acquisition-date fair value to the various assets acquired and liabilities assumed in the combination? b. How did Truman allocate the goodwill from the acquisition across the controlling and noncontrolling interests? c. How did Truman derive the Investment in Atlanta account balance at the end of 2018? d. Prepare a worksheet to consolidate the financial statements of these two companies as of December 31, 2018. At year-end, there were no intra-entity receivables or payables

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