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please give ful answer with explaniation Question 3z Using the equity method sole the following: Park Corporation has acquired 75% of Syn Company stock for
please give ful answer with explaniation
Question 3z Using the equity method sole the following: Park Corporation has acquired 75% of Syn Company stock for $300,000 on January 1, 2013\} when Syn Equity consist of $210,000 capital stock and $40,000 retained earnings D, Syn company Building was undervalued by $20,000 in time acquisition which had useful life of 10 years. - Any excess differential above the $20,000 which was mentioned above should be allocated to goodwill. - Syn Distributed cash dividends of 530.000, which is payable to the shareholders. - In December 31, 2013 Syn had 70,000 net income, Separate Company financial statements for the year ended December 31, 2013 for Park Cormoration and its Subsidiary Syn Company provided below USE Equity method 1. Calculate the following:[Marks: 10 ] unamortized excess amount and o the amount to be allocated to the goodwill 2. Calculate the adjusted income from subsidiary for [Marks: 7] the parent and the NCI Step by Step Solution
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