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The following are selected account balances from Penske Company and Stanza Corporation as of December 3 1 , 2 0 2 4 : Note: Parentheses
The following are selected account balances from Penske Company and Stanza Corporation as of December : Note: Parentheses indicate a credit balance. On January Penske acquired all of Stanza's outstanding stock for $ falr value in cash and common stock. Penske also paid $ in stock Issuance costs. At the date of acquisition, copyrights with a silxyear remaining Ilfe have a $ book value but a falr value of $ Required: a As of December what is the consolidated copyrights balance? b For the year ending December what is consolidated net Income? c As of December what is the consolidated retalned earnings balance? d As of December what is the consolldated balance to be reported for goodwill? c Consolidated retained eamings d Consolidated goodwill Please answer all parts thank u
The following are selected account balances from Penske Company and Stanza Corporation as of December :
Note: Parentheses indicate a credit balance.
On January Penske acquired all of Stanza's outstanding stock for $ falr value in cash and common
stock. Penske also paid $ in stock Issuance costs. At the date of acquisition, copyrights with a silxyear remaining
Ilfe have a $ book value but a falr value of $
Required:
a As of December what is the consolidated copyrights balance?
b For the year ending December what is consolidated net Income?
c As of December what is the consolidated retalned earnings balance?
d As of December what is the consolldated balance to be reported for goodwill?
c Consolidated retained eamings
d Consolidated goodwill
Please answer all parts thank u
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