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Need all Method equityintial valueand partial equity Company A acquired i00% of Company B's voting stock on January 1, 2018 by issuing 10,000 shares of

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Need all Method equityintial valueand partial equity
Company A acquired i00% of Company B's voting stock on January 1, 2018 by issuing 10,000 shares of its $10 par value common stock. Company A's common stock had a fair value of $14 per share at that time. Company B's stockholder's equity was $105,000 (book value) at date of acquisition The trademark was undervalued by $10,000. It has an indefinite life. Equipment (with a 5 year life) was undervalued by $5,000. A customer list that had been created internally had an estimated useful life of 20 years was valued at $20,000 Following are the financial statements for the two companies for the year ending December 31, 2018. Credit balances are indicated by (parentheses). Complete the trial balance of A Company (calculate income of sub and investment in sub) by using the three different investing accounting methods; Equity, Intial Value, and Partial Equity Then, continue by preparing a consolidated worksheet for year ended Dec. 31, 2018. Include your consolidation and elimination entries in journal form with the exam. A Company B Company (485,000) 160,000 130,000 Revenues Depreciation Exp 52,000 Net Income R/E, 1/1 Net income (above) Dividends pald R/E, 12/31 (609,000) (40,000) (68,000) 40,000 175,500 268,000 427,500 713,000 17,000 58,000 161,000 Trademark Buildings & Eqp (net) Totol Assets 236,000 Liabilities Common Stock APIC R/E (above) (190,000) (600,000) (90,000) (103,000) (60,000) (5,000) (68,000) Total Liabilities & Equity Company A acquired i00% of Company B's voting stock on January 1, 2018 by issuing 10,000 shares of its $10 par value common stock. Company A's common stock had a fair value of $14 per share at that time. Company B's stockholder's equity was $105,000 (book value) at date of acquisition The trademark was undervalued by $10,000. It has an indefinite life. Equipment (with a 5 year life) was undervalued by $5,000. A customer list that had been created internally had an estimated useful life of 20 years was valued at $20,000 Following are the financial statements for the two companies for the year ending December 31, 2018. Credit balances are indicated by (parentheses). Complete the trial balance of A Company (calculate income of sub and investment in sub) by using the three different investing accounting methods; Equity, Intial Value, and Partial Equity Then, continue by preparing a consolidated worksheet for year ended Dec. 31, 2018. Include your consolidation and elimination entries in journal form with the exam. A Company B Company (485,000) 160,000 130,000 Revenues Depreciation Exp 52,000 Net Income R/E, 1/1 Net income (above) Dividends pald R/E, 12/31 (609,000) (40,000) (68,000) 40,000 175,500 268,000 427,500 713,000 17,000 58,000 161,000 Trademark Buildings & Eqp (net) Totol Assets 236,000 Liabilities Common Stock APIC R/E (above) (190,000) (600,000) (90,000) (103,000) (60,000) (5,000) (68,000) Total Liabilities & Equity

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