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please desperate Use the following information for questions 8-11: Pele Company acquire son of Diego Company for SSROON on January 1, 2019, there was no
please desperate
Use the following information for questions 8-11: Pele Company acquire son of Diego Company for SSROON on January 1, 2019, there was no control premium Diego reported common stock or $300.000 and retained cumings of $210.000 and that dute. Equipment was undervalued by $30.000 and buildings were undervalued by S40.000, each having a 10. remaining life. Any remaining excess was attributed to goodwill Diego earned income and paid dividends as follows: pareho an indefinite life. Based on an annual review. goodwill has not been impaired. 400 2021 $120,000 40,000 $130,000 50,000 60,000 60 70 70 Net Income Dividends 2019 $100,000 2020 Assume the equity method is applied. 8. Compute Pele's investment in Diego on December 31, 2020. A. $577,200. B. $604,000 C. $592,800. D. $632,800 E. $572,000. 9. Compute Pele's equity in Diego net income for the year ended December 31, 2019. A. $74,400. B. $73,000. C. $42,400. D. $41,000. E. $80,000 10. Compute the non-controlling interest in the net income of Diego on December 31, 2020. A. $18,400. B. $14,400. C. $22,600. 2. $24,000. $12,600 Step by Step Solution
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