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Problem 3-2 On January 1, 2014, Perry Company purchased 8,152 shares of Soho Company's common stock for $112,000. Immediately after the stock acquisition, the statements

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Problem 3-2 On January 1, 2014, Perry Company purchased 8,152 shares of Soho Company's common stock for $112,000. Immediately after the stock acquisition, the statements of financi Perry and Soho appeared as follows: Assets Soho Cash $19,350 29,790 24,680 Perry $35,550 54,960 44,570 112,000 148,120 (56,430 ) $338,770 112,140 (20,240 ) $165,720 Accounts receivable Inventory Investment in Soho Company Plant assets Accumulated depreciation-plant assets Total Liabilities and Owners' Equity Current liabilities Mortgage notes payable Common stock, $10 par value Other contributed capital Retained earnings $28,290 $20,140 42,800 128,640 143,850 3,340 $338,770 101,900 17,840 17,690 $165,720 Total Suppose instead that Perry acquired the 8,152 shares for $20 per share including a $5 per share control premium. Prepare a computation and allocation of difference schedule. Parent Share Non- Controlling Share Entire Value 19,350 19,350 19,350 x x LOTI LILARIN X X >

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