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Please answer completely On January 1, 2024, Whispering Company purchased 8,024 shares of Metlock Company's common stock for $118,000. Immediately after the stock acquisition, the
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On January 1, 2024, Whispering Company purchased 8,024 shares of Metlock Company's common stock for $118,000. Immediately after the stock acquisition, the statements of financial position of Whispering and Metlock appeared as follows: Calculate the percentage of Metlock acquired by Whispering Company. Percentage of Metlock acquired Calculate the percentage of Metlock acquired by Whispering Company. Percentage of Metlock acquired Prepare a schedule to compute the difference between book value of equity and the value implied by the purchase price. Any: difference between the book value of equity and the value implied by the purchase price relates to subsidiary plant assets. Prepare a consolidated balance sheet workpaper as of January 1, 2024. Plant Assets Accumulated Depreciation Total Current Liabilities Mortgage Note Payable Common Stock: Whispering Company Metlock Company Other Contributed Capital Whispering Company Metlock Company Retained Earnings: 155,45099,550 \( \frac{\frac{(49,300)}{364,360} \frac{(17,800)}{151,180}}{\hline \frac{26,270}{17,100}} \) 36,530 113,730 100,300 146,480 18,130 50,520 Other Contributed Capital Whispering Company Metlock Company Retained Earnings: Whispering Company Metlock Company Noncontrolling Interest Total 146,480 18,130 50,520 6,480 PERING COMPANY AND SUBSIDIARY METLOCK Consolidated Balance Sheet Workpaper January 1, 2024 Consolidated $Step by Step Solution
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