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Question 4 2 points Save Answer Vesper Corporation (Vesper) acquired 88% of the outstanding ordinary share of Wesley Limited (Wesley) for $3,432,000. At the
Question 4 2 points Save Answer Vesper Corporation (Vesper) acquired 88% of the outstanding ordinary share of Wesley Limited (Wesley) for $3,432,000. At the acquisition date, Wesley's shareholders' equity included the following. Share Capital: $260,000 Share Premium; $1,393,000 Retained Earnings: $615,000 All assets and liabilities of Wesley were recorded at fair value except for an intangible asset, which was recorded at $392,000 below fair value. Vesper adopts the partial goodwill method. Fill in the following boxes to prepare the entry E for the consolidation process at the acquisition date. (Type in your answer with no comma, i.e. if your answer is 123,456, please type in only 123456) Entry E Dr Share Capital ??? Dr Share Premium ??? Dr Retained Earnings ??? Cr Investment in Subsidiary Cr Non-controlling Interests
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