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Explain how you get all numbers please!! Pop Corporation acquired 70 percent of the outstanding common stock of Son Corporation on January 1 . 2016
Explain how you get all numbers please!! Pop Corporation acquired 70 percent of the outstanding common stock of Son Corporation on January 1 . 2016 , for $350,000 cash. Immediately after this acquisition the balance sheet information for the two companies was as follows (in thousands): Required 1. Prepare a schedule to assign the difference between the fair value of the investment in Son and the book value of the interest to identifiable and unidentifiable net assets. 2. Prepare a consolidated balance sheet for Pop Corporation and Subsidiary at January 1, 2016
Explain how you get all numbers please!!
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