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Parent Co. Purchases 80% of the 10,000 shares issued and outstanding of Sub, Inc.'s stock when the book value of Sub's net assets was

Parent Co. Purchases 80% of the 10,000 shares issued and outstanding of Sub, Inc.'s stock when the book value of Sub's net assets was $50,000 and the fair value was $60,000. Required: Prepare the schedule of Goodwill the following four independent cases. Use the format shown below. Case 1: Case 2: Case 3: Case 4: Case 5: Parent buys @$10/share when the market price of the stock is $10. Parent buys @$12/share when the market price of the stock is $10. Parent buys @$10/share when the market price of the stock is $5.50. Parent buys @$18/share when the market price of the stock is $5. Parent buys @$4/share when the market price of the stock is $10. Case Purchase Price/Fair Value Less Book Value Purchased Purchase Premium/Discount Allocate AFMV & BV Goodwill Apportionment Noncontrolling Total Parent Interest

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