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Please I need help for this question, Thank you so much! a-1. Complete the table to show the allocation of the fair value in excess
Please I need help for this question, Thank you so much!
a-1. Complete the table to show the allocation of the fair value in excess of book value. a-2. Complete the table to show the computation for Subsidiary Earnings. b. Complete the worksheet by consolidating the financial information for these two companies. Complete this question by entering your answers in the tabs below. Complete the worksheet by consolidating the financial information for these two companies. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Amounts in the Debit and Credit columns should be entered as positive. Input all amounts as positive values.) a-1. Complete the table to show the allocation of the fair value in excess of book value. a-2. Complete the table to show the computation for Subsidiary Earnings. b. Complete the worksheet by consolidating the financial information for these two companies. Complete this question by entering your answers in the tabs below. Complete the table to show the computation for Subsidiary Earnings. (Negative amounts should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Complete the table to show the allocation of the fair value in excess of book value. \begin{tabular}{|l|r|r|r|r|} \hline & & & \\ \hline \end{tabular} Allen Company acquired 100 percent of Bradford Company's voting stock on January 1, 2017, by issuing 10,000 shares of its $10 par value common stock (having a fair value of $26.00 per share). As of that date, Bradford had stockholders' equity totaling $215,900. Land shown on Bradford's accounting records was undervalued by $15,700. Equipment (with a five-year remaining life) was undervalued by $5,800. A secret formula developed by Bradford was appraised at $22,600 with an estimated life of 20 years. The following are the separate financial statements for the two companies for the year ending December 31, 2021. There were no intra-entity payables on that date. Credit balances are indicated by parentheses. a-1. Complete the table to show the allocation of the fair value in excess of book value. a-2. Complete the table to show the computation for Subsidiary Earnings. b. Complete the worksheet by consolidating the financial information for these two companiesStep by Step Solution
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