In the CAD schedule, *

A is $220,000, C is $70,000, and I is $100,000

A is $360,000, B is $1,800,000, and G is $40,000

A is $360,000, C is $112,000, and F is $80,000

None of the above

While preparing the elimination entry, the difference between the implied value and the book value should be: *

Debited by $200,000

Debited by $148,000

Credited by $52,000

None of the above

Because of the difference between the implied value and the book value, the goodwill should be: *

Debited by $52,000

Debited by $200,000

Debited by $148,000

No goodwill is to be recorded

Stock Acquisition Use the following to answer the three questions below On December 31, 2020,P Company acquired 80% of the outstanding common stock of Company for $1.440,000 cash. The following table shows the Computation and allocation of Difference (CAD) on that date, with some missing figures: CAD CI NCI Total Purchase Price & Implied Value 1,440,000 A B D Book Value of s Equity CS ats OCC at S RE at s TS ats 448.000 384,000 512.000 E 96,000 128.000 16,000 480,000 640.000 F Difference between IV & BV 1 Assume that any difference between the book value of net assets and the value implied by the purchase price relates to subsidiary land and to goodwill. The land in the subsidiary's books had a value of $85,000 while its fair value on that date was $137,000