Chegg Corporation paid $610,000 to acquire 100% of PSI Company's stock on June 30, 2010. On that date, the costs and fair values of Orca's recorded assets and liabilities were as follows:

1What is the amount of the differential reflected in the consolidation workpaper to prepare a consolidated balance sheet??

2What amount should be allocated to Goodwill in the consolidated balance sheet prepared immediately after the acquisition??

P Corporation acquired 100% of S Corporation's common stock on December 31, 2010. The balance sheet information for both companies immediately following the acquisition was as follows:?

1On the date of acquisition, the book values of Stripe's net assets and liabilities equaled fair value except for the following fair values:

Inventory: $39,000

Land: $151,000

Buildings & Equipment, net: $133,000

What amount should appear on the consolidated balance sheet prepared immediately after the acquisition for Inventory?

2On the date of acquisition, the book values of Stripe's net assets and liabilities equaled fair value except for the following fair values:

Inventory: $39,000

Land: $151,000

Buildings & Equipment, net: $133,000

What amount should appear on the consolidated balance sheet prepared immediately after the acquisition for total Goodwill?

3On the date of acquisition, the book values of Stripe's net assets and liabilities equaled fair value except for the following fair values:

Inventory: $39,000

Land: $151,000

Buildings & Equipment, net: $133,000

What amount should appear on the consolidated balance sheet prepared immediately after the acquisition for total Differential?

Cash Accounts Receivable Buildings & Equipment, net Land Liabilities Net Assets Cost Fair Value 65,000 65,000 85,000 85,000 330,000 325,000 230,000 180,000 (150,000) (150,000) 510,000 S 555,000