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On Dec 31, 2018 (A) paid JD25000 and sued 30000 JDI par valor common stock, for value JD2 for 90% of the net assets of

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On Dec 31, 2018 (A) paid JD25000 and sued 30000 JDI par valor common stock, for value JD2 for 90% of the net assets of (1) Out of pockets costs of the business combination paid by (A) are consisted of legal and accounting fees JD5000 and JD10000 forinuance common stocks Stockholders equity of (A) and (B) at the date of acquisition are as follows Explanations Common stock Paid in capital Retained earnings (A) 100000 35000 30000 (B) 80000 30000 20000 The value of carrying assets and libilities of (B) at cution date equal to their fair values except for story that decreased by 8000 You have given the followme 1 (A) and (B reported the following at the end of 2019 Explanations Net income Dividends CA) 50000 20000 (B) 30000 25000 1. (A) and (B) reported the following at the end of 2019 Explanations Net income Dividends (A) 50000 20000 30000 15000 2. One-fourth of the inventory is sold during the year 1. The cost of investment in (B) is: v a. JD25000 b. JD85000 C JD55000 d. JD60000 2. The balance of paid-in-capital in (A) subsequent to the date of the acquisition: a. JD35000 b. JD65000 c. JDS5000 d. JD56000 3. Goodwill of acquisition will be a JD(42800) b. JD24800 cJD(24800) d. JD42800 4. (A's) share of (B's) net income will be a. JD28800 6. JD27000 c. JD25200 d. JD25000 5. non-controlling interest share of (B's) net income a. JD2800 B. JD3200 c. JD3000 d. JD2300

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