Consolidating Eliminating Entries, Date of Acquisition: U$.$S$.$ GAAP and IFRS

accountants who advised in the acquisition. Softek's shareholders' equity at the date of acquisition is as follows:

Softek's assets and liabilities were carried at fair value except as noted below:

The fair value of the noncontrolling interest is estimated to be $$12,000,000$ at the date of acquisition.

Required

$($a$)$ Prepare the acquisition entry on Plummer's books and the working paper consolidation eliminating entries at the date of acquisition, following U$.$S$.$ GAAP.

Enter all your answers in thousands. For example, $$1,000,000$ is $$1,000.$

Please fix the incorrect answers marked with a red x and give an explanation. Please complete by $3/911$:$59$ PM ET$.$ Thank you!

Consolidation eliminating entries

$($b$)$ Prepare the working paper consolidation eliminating entries at the date of acquisition, following IFRS and the alternative valuation method for noncontrolling interests.

Enter all your answers in thousands, round to the nearest thousand, when appropriate.