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Required: Req A and B a 1 . Compute the amount of goodwill recognized in Holland's acquisition of Zeeland. a 2 . Show the allocation
Required: Req A and
a Compute the amount of goodwill recognized in Holland's acquisition of Zeeland.
a Show the allocation of goodwill to the controlling and noncontrolling interest.
b Show how Holland determined its December Investment in Zeeland account balance.
Note: Negative amounts should be shown with a minus sign. Req A and B
Prepare a worksheet to determine the amounts that should appear on Holland's December consolidated financial statements.
Note: For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, 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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HOLLAND CORPORATION AND ZEELAND CORPORATION
Consolidation Worksheet
For Year Ending December
a Compute the amount of goodwill recognized in Holland's acquisition of Zeeland.
a Show the allocation of goodwill to the controlling and noncontrolling interest.
b Show how Holland determined its December Investment in Zeeland account balance.
c Prepare a worksheet to determine the amounts that should appear on Hollands December consolidated financial statements.
PLEASE ANSWER EACH PART IN THE SAME FORMATS.
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