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I need urgent help with all 6 questions please I already completed questions 3 Inal common ami S2(LOOO of retained on date The fo!lowing valL*-s
I need urgent help with all 6 questions please I already completed questions 3
Inal common ami S2(LOOO of retained on date The fo!lowing valL*-s &tcrmined the S. Co. 00 date of purchase. FAIR VALUE BOOK VALUE Inventory sguooo smooo 5. 6. $550,o the I-11-16 itries to elimunte the Ecouni Old to allocate the difference the cost valw. 2. Refemng to problem if ur has aremaining life to diffeerre cost value for of 12- 3 t-16 and 12-31-17. Be sure 3. Padilla Compaw 8(h6 oftbecommonstock in marka on January I, at total of more than the book ofthe interest acquired. The difference cost and bCKik value is attnh.ned to e is rquired year until the land is disposed or is sold 1/1/13 a gain on its toks. of gain will reflected in combiXEd income on tir 2013 ilEre statement? In years dispsaj orthe '*Orkpapecentry be P.Co. owns 80% of S. Co., S sells P. at 25% 'Dting 2015 slies amounted to At end of 2015 and 2016, P 3WQ of dE Out from S in its ending nere were no intacompany Siles to 201 S. Prepare in journal form all entries rwcessary on the statements to eliminate the effects of the gales for exh of 2015 md 2016. Lat*l the years. Referring to problem IfP co. had reported income and S. co. had of S2so,ooo each Year calculate the income for Again, referring to problem # 4, If P. Co. had imome ofS450,000 S. Co. income of each year, and the sale had been on a downstreanv cal
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