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The determination and distribution schedule for the consolidation of Petoskey ( 8 0 % interest ) and Sable reads in part: Adjust identifiable accounts: Life
The determination and distribution schedule for the consolidation of Petoskey interest and Sable reads in part:
Adjust identifiable accounts:
Life
AmortYear
Inventory
$
sold in third quarter
Building
Equipment
Goodwill
Total
$
Prepare the elimination entries to distribute and amortize the excess purchase cost on
a the date of acquisition
b the end of the first year following the acquisition
c the end of the third year following the acquisition.
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