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Please show all work and try and keep the same formatting as the table in the picture Q6. Consider companies with the pre-acquisition balance sheets
Please show all work and try and keep the same formatting as the table in the picture Q6. Consider companies with the pre-acquisition balance sheets presented below. Investor Company purchases 100% of Investee Company's stock by issuing new common stock. The market value of the stock was $100,000. Complete the columns for Investors post-acquisition balance sheet and the Consolidated Company post-acquisition balance sheet. The Pre-acquisition balance Post-acquisition balance sheets sheets Investee Company (F Investor air Market Company Consolidated Investor Value (Equity Method) Company Company Current Assets $33,000 $41,000 Investment 54,000 202,000 Other Assets Goodwill $243,000 $87000 Total Assets $29.000 $95,000 Liabilities Common Stock 32,000 70,000 26,000 78,000 Retained Earnings Total Liabilities and Equity $243,000 $87,000 Provide the calculation for the goodwill here
Please show all work and try and keep the same formatting as the table in the picture
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