The subjectis Advanced Financial Accounting,Attached word file has there question.

Advanced Financial Accounting ACCT 302 ASSIGNMENT 1 Last Date of Submission:- March 04, 2017 You are required to work in this assignment individually. Any suspicious activities or cheating will result zero grade in this assignment. 1. Identify the Components that used in determining goodwill: 2. Merando Company acquires 30 percent of Pau Company's common stock for $200,000 at the beginning of the year but does not gain significant influence over Pau. During the year, Pau has net income of $40,000 and pays dividends of $30,000. prepare the journal entries: 3. Beta Corporation acquired 100 percent of the voting shares of Yang Inc. by issuing 10,000 new shares of $10 par value common stock with a $40 market value. Required: 1) Which company is the parent and which is the subsidiary? 2) Define a subsidiary corporation. 3) Define a parent corporation. 4) Which entity prepares consolidated worksheet? 5) Why are elimination entries used? 1