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everything has been added in BRANSON General Journal Account Debit Credit a. Acquisition Method: Investment in Wolfpack, Inc. Contingent performance obligation Cash b. 12/31/2017 Loss
everything has been added in
BRANSON General Journal Account Debit Credit a. Acquisition Method: Investment in Wolfpack, Inc. Contingent performance obligation Cash b. 12/31/2017 Loss from increase in contingent performance obligation Contingent performance obligation 12/31/2018 Loss from increase in contingent performance obligation Contingent performance obligation 12/31/2018 Contingent performance obligation Cash c. Equity Method: Common stock - Wolfpack Retained earnings - Wolfpack Investment in Wolfpack Royalty agreements Goodwill Investment in Wolfpack Equity earnings of Wollpack Investment in Wollpack Investment in Wolipack Dindends declared Amontization expense Royalty agreements d. 48 P03-28 | Given P03-28 | P03-29 Given P03-29 P03-30 Given P03 30 46 47 Royalty agreements d. Initial Value Method: Investment in Wolfpack Retained earnings - Branson Common stock - Wollpack Retained earnings - Wolfpack 200.000 corract: Investment in Wolfpack Royalty agreements Goodwill Imvestment in Wolfpack Dividend income Dividends declared Amortization expense Royalty agreements \begin{tabular}{|l|} 35.000 comuct \\ \\ 35,000 \end{tabular} 10,000 contert 10,000 Step by Step Solution
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