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Ruestions from no . 9 to no . 1 1 are based on the following fact. Boulder, Inc, obtained 9 0 percent of Rock Corporation
Ruestions from no to no are based on the following fact. Boulder, Inc, obtained percent of Rock Corporation on January Annual amortization of $ is applicable on the allocations of Rock's acquisitiondate business fair value. On January Rock acquired percent of Stone Company's voting stock. Excess business fairvalue amortization on this second acquisition amounted to $ per year. For each of the three companies reported the following information accumulated by its separate accounting system. Separate operating income figures do not include any investment or dividend income: What is consolidated net income for A$ B$ C$ D$ E$ What is the noncontrolling interest in Stone's Income? A$ B$ C$ D$ E$ What is the total net income attributable to noncontrolling interests? A$ B$ C$ D$ E$ Questions from no to no are based on the following fact.
On January Abbey acquires percent of Benjamin's outstanding shares. Financial
$ information for these two companies for the years and follows:
Assume that a tax rate of percent is applicable to both companies.
tax currently payable if they choose to file separate returns?
What is the current Income Tax Payable for consolidated return
A $
B $
C $
D $
E $
What is the current Income Tax Payable for Abbey's separate return
A $
B $
C $
D $
E $
How much is the deferred amount for Abbeys' separate return
A Deferred Tax Asset $
B Deferred Tax Asset $
C Deferred Tax Liabilities $
D Deferred Tax Liabilities $
E $
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