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Investment accounting by parent before consolidation On July 1, 2022, an acquiring company paid 51,200,000 for 100w of the outstanding common stock of an irvestee
Investment accounting by parent before consolidation On July 1, 2022, an acquiring company paid 51,200,000 for 100w of the outstanding common stock of an irvestee company in a transaction that qualifes as a business combination. immedlately preceding the transaction, the invettee company had the following condensed batance sheet: The acqubithon-date fair value of the property and equipment was $300,000 more than its carfying amount. For all other assets and liabiloes, the pre-ocquistion amounts reported on investees balance sheet wese equal to their ferpective fair values: What anount of goodwilt relyed to the acquistion of the investee must the acquiring company report in pre consolidation parent-only balance sheet immediately following the acquistion of ifvestee company common stock? 50 960,000 5220,000 4360.000
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