Please do number 3)
(32 points) Use the provided worksheet (in Excel) to consolidate these two companies as of December 31, 2021 and do the following:
(20 points) Prepare a list of consolidation entries
(12 points) Determining the consolidated totals
I also have Check figures are as follows:
Goodwill allocated to Parent = $195,200
Goodwill allocated to NCI = $0
Annual amortization of excess value = $23,500
Balance of Investment in Shapiro, 1.1.21 = $613,200
Consolidated total assets, 12.31.21 = $2,146,200
amortizatica of excess value for the investnvent in Socho, the anount of goodwill, if any, and how the goodwil onall bs allecated between how the goodwil wall be allocated between perequine and the noncoctrolling interest. The Peregrine Coeporarion acquired 80 persent of the 100,000 cutstznding voting ahares of Socano, 3. (32 points) Use the provided worksbeet (in Excel) to consolidate these two companies as of Inc., for $7.20 per stare on Jawuary 1, 2020. The remaining 20 percent of 5reang's shares traded acrively at $476 ger atare before and after Pereerine's acpuaition. Att appaisal make on that dete determinsd that all book ialues appropciately reflected the fair values of 5 goppo's underlying - (i2 poiniss Deturminme the comsoluiated totals than faur value) by $S5,500 and a fully amortized trademark (..e., zero book valoe) wath an estimated 10-year remaining life had a $64000 fair value At tho acquaition date, for 300 reyarted formom stocis of $100,000=1 in a resimed centrings belunce of $226,500 Following are the angarate financial smarements for the year ending Decenther 31,2021 : Coedit balances are in parentheses. At year-end, there were no intra-entity racrivablea or payablesi. amortizatica of excess value for the investnvent in Socho, the anount of goodwill, if any, and how the goodwil onall bs allecated between how the goodwil wall be allocated between perequine and the noncoctrolling interest. The Peregrine Coeporarion acquired 80 persent of the 100,000 cutstznding voting ahares of Socano, 3. (32 points) Use the provided worksbeet (in Excel) to consolidate these two companies as of Inc., for $7.20 per stare on Jawuary 1, 2020. The remaining 20 percent of 5reang's shares traded acrively at $476 ger atare before and after Pereerine's acpuaition. Att appaisal make on that dete determinsd that all book ialues appropciately reflected the fair values of 5 goppo's underlying - (i2 poiniss Deturminme the comsoluiated totals than faur value) by $S5,500 and a fully amortized trademark (..e., zero book valoe) wath an estimated 10-year remaining life had a $64000 fair value At tho acquaition date, for 300 reyarted formom stocis of $100,000=1 in a resimed centrings belunce of $226,500 Following are the angarate financial smarements for the year ending Decenther 31,2021 : Coedit balances are in parentheses. At year-end, there were no intra-entity racrivablea or payablesi
