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not right answer. pls give me right one Company acquires 80% of Demers Company for $500.000 on January 2010 Demers reported common stock of $300,000
not right answer. pls give me right one
Company acquires 80% of Demers Company for $500.000 on January 2010 Demers reported common stock of $300,000 and retained earnings of $20,000 on that date Equipment was underved by $30,000 and buildings were undervalued by $40,000 each having a 10 year remaining it. Any excess consideration transferred over for value was true to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired Demens com income and pays dividends as follows: 2010 2021 Net $100.000 $120.000 $130,000 income Dividends 40.000 50,000 60,000 Assume the initial value method is applied Compute the concentrating interest in the net income of Demers at December 31, 2021 Ma Choc 52400 1000 16.000 520.400 Step by Step Solution
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