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Consolidation at date of acquisition (purchase price equals book value) A parent company acquires its subsidiary by exchanging 30,000 shares of its Common Stock, with
Consolidation at date of acquisition (purchase price equals book value) A parent company acquires its subsidiary by exchanging 30,000 shares of its Common Stock, with a fair value on the acpulsition date of 51740 per share, for all of the cutstanding voting shates of the invester. a. What is the total fair value of the subsidiary on the acquisition date? b. Prepore the consolidution entry or entries on thie date of acquistion, given the date of acquasition balance sheets of the parent and subsidiary appearing in part c. below. c. Prefart the concolidated balance sheet on the date of acquasidion: e. Prepare the conisolidated balante sheet on the date of acquisition. Pifile arswer in parts of the c
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