Please explain the answers.

On December 31, 20X8, Polaris Corporation acquired 100 percent ownership of Star Corporation. On that date, Star reported assets and liabilities with book values of $300,000 and $100,000, respectively, common stock outstanding of $50,000, and retained earnings of $150,000. The book values and fair values of Star's assets and liabilities were identical except for land which had increased in value by $10,000 and inventories which had decreased by $5,000.

Based on the preceding information, what amount of goodwill will be reported if the acquisition price was $195,000?

$35,000

$0

$40,000

$15,000

The fair values of all of Sirius's assets and liabilities were equal to their book values except for inventory that had a fair value of $85,000, land that had a fair value of $60,000, and buildings and equipment that had a fair value of $250,000. Buildings and equipment have a remaining useful life of 10 years with zero salvage value. Paradox Company decided to employ push-down accounting for the acquisition. Subsequent to the combination, Sirius continued to operate as a separate company.

Based on the preceding information, what amount will be present in the revaluation capital account, when consolidating entries are prepared?

$65,000

$0

$15,000

$60,000

When a parent owns less than 100% of a subsidiary, the noncontrolling interest shareholders are allocated their ownership percentage of income or net assets in all of the following consolidating entries except for:

The accumulated depreciation consolidation entry

The amortized excess value reclassification entry

The excess value (differential) reclassification entry

The basic investment account consolidation entry