Hide Transcribed Text 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 acquesition date of $17,40 per share, for all of the cutstanding woting shates of the investev. a. What is the total fair value of the subsidiary on the acquisition date? b. Prepore the consolidation entry or entries on the date of acquistion, given the date of acquastion balance sheets of the parcnt and subsidary appearing in part c below. C. Prepare the consolidated balance Training OC

(b) Hide Transcribed Text 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 acquesition date of $17,40 per share, for all of the cutstanding woting shates of the investev. a. What is the total fair value of the subsidiary on the acquisition date? b. Prepore the consolidation entry or entries on the date of acquistion, given the date of acquastion balance sheets of the parcnt and subsidary appearing in part c below. C. Prepare the consolidated balance