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could you just help with the parts i got wrong pls! On January 1,2020, Allan Company bought a 15 percent interest in Sysinger Company. The

could you just help with the parts i got wrong pls! image text in transcribed
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On January 1,2020, Allan Company bought a 15 percent interest in Sysinger Company. The ocquisition price of $201,500 refiected an arsessment that all of Sysingers, occounts were folity valued within the company's occounting records. During 2020 , Sysinger reported net income of $109100 and declared cash dividendh of $32,600. Alian possessed the ablity to significantly influence Syingers operations and, therefore, accounted for this investment using the equity method. On Jenuary 1,2021. Alian acquired an additionel 80 percent interest in Sysinger and provided the following fair-value ossessments of Sysinger's ownership components: Also, as of Janvary 1, 2021 . Allan assessed a $413,000 value to on unrecorded customer contract recently negotlated by Sysinger. The customer contract is anticipoted to have o remaining life of four years. Syalinger's other assets and liobilities were judged to hove foir values equal to their book values. Allan elects to continue opplying the equity method to this investment for internal reporting parposes: At December 31,2021 , the following financial informotion is availabie for consolidation At year-end, there were no intra-entity receivables or payables. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the Investment in Sysinger in Allaris pre-consolidation 2021 statements. a. How should Allan allocate Sysinger's total acquisition-date folr value (January 1, 2021) to the assets acquired and liabilities assumed for consolidation purposes? b. Calculate the following as they would oppear in Allan's pre-consolidation 2021 statements. At year-end, there were no intra-entity receivables or payables. (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the Equity in earnings of Svsinnar in au. is pre-consolidation 2021 statements. At year-end, there were no intra-entity receivables or payables. ( Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the Gain on revaluation of Investment in Sysinger to fair value in Allan's pre-consolidation 2021 statements. On January 1,2020, Allan Company bought a 15 percent interest in Sysinger Company. The ocquisition price of $201,500 refiected an arsessment that all of Sysingers, occounts were folity valued within the company's occounting records. During 2020 , Sysinger reported net income of $109100 and declared cash dividendh of $32,600. Alian possessed the ablity to significantly influence Syingers operations and, therefore, accounted for this investment using the equity method. On Jenuary 1,2021. Alian acquired an additionel 80 percent interest in Sysinger and provided the following fair-value ossessments of Sysinger's ownership components: Also, as of Janvary 1, 2021 . Allan assessed a $413,000 value to on unrecorded customer contract recently negotlated by Sysinger. The customer contract is anticipoted to have o remaining life of four years. Syalinger's other assets and liobilities were judged to hove foir values equal to their book values. Allan elects to continue opplying the equity method to this investment for internal reporting parposes: At December 31,2021 , the following financial informotion is availabie for consolidation At year-end, there were no intra-entity receivables or payables. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the Investment in Sysinger in Allaris pre-consolidation 2021 statements. a. How should Allan allocate Sysinger's total acquisition-date folr value (January 1, 2021) to the assets acquired and liabilities assumed for consolidation purposes? b. Calculate the following as they would oppear in Allan's pre-consolidation 2021 statements. At year-end, there were no intra-entity receivables or payables. (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the Equity in earnings of Svsinnar in au. is pre-consolidation 2021 statements. At year-end, there were no intra-entity receivables or payables. ( Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the Gain on revaluation of Investment in Sysinger to fair value in Allan's pre-consolidation 2021 statements

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