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help!! On January 1, 20X1,TL Enterprises bought a 80% interest in U Co for $900,000 and keeps its records on the equity method. Subsidiary's building
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On January 1, 20X1,TL Enterprises bought a 80% interest in U Co for $900,000 and keeps its records on the equity method. Subsidiary's building had an excess fair value of $60,000 and a remaining 10 year life. Subsidiary's land had an oxcess fair value of $40,000 All excess relates to goodwill. Prepare consolidation adjustments and complete the worksheet Step by Step Solution
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