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please solve them all please 16,17 Company P acquired 90% of the shares of Company S on Jan 1, 20X1. On Dec 31,20X1, the incomplete

please solve them all please 16,17 image text in transcribed
Company P acquired 90% of the shares of Company S on Jan 1, 20X1. On Dec 31,20X1, the incomplete income statement of P and S is given below. Net income What amount of controlling income will be reported in the consolidated income statement? Question 17 On January 3, 20X9, Redding Company acquired 80 percent of Frazer Corporation's common stock for $344,000 at 80% of book value in cash. At the acquisition date, the book values and fair values of Frazer's net assets was equal. The stockholders' equity accounts of the two companies at the acquisition date are: What amount of common stock will be reported in the consolidated balance sheet on Jan 2, 20X9? Company P acquired 90% of the shares of Company S on Jan 1, 20X1. On Dec 31,20X1, the incomplete income statement of P and S is given below. Net income What amount of controlling income will be reported in the consolidated income statement? Question 17 On January 3, 20X9, Redding Company acquired 80 percent of Frazer Corporation's common stock for $344,000 at 80% of book value in cash. At the acquisition date, the book values and fair values of Frazer's net assets was equal. The stockholders' equity accounts of the two companies at the acquisition date are: What amount of common stock will be reported in the consolidated balance sheet on Jan 2, 20X9

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