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Postaccuistion, Allaon employs the equty method to accourt for its mwestenent in Machiat. During the two yoars forowing the business combination, Mathins reports the folowing
Postaccuistion, Allaon employs the equty method to accourt for its mwestenent in Machiat. During the two yoars forowing the business combination, Mathins reports the folowing income and dinfoends: No stset impblements have occured since the ocquetion date. deciared were peid in the same period. Required: a. Determine the anvuai excess fair over book volve amortisation. b. Prepare a workgheet to determine the consolidated values to be reported on Alsions finsheval statements. Complete this questioa by entering your answers in the tabs below. Prepare a worksheet to determine the consolidated values to be reported on Allison's financial statements. (For accounts wher multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit colum of the worksheet. Similariy, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.)
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