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The trial balances for Walla Corporation and Au Inc. at December 31, Year 4. just before the transaction described below, were as follows: Current assets

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The trial balances for Walla Corporation and Au Inc. at December 31, Year 4. just before the transaction described below, were as follows: Current assets Land other tangible assets Liabilities Common shares Retained earnings, 1/1/Year 4 Revenues Expenses Walla $299,000 619,000 519,000 419,000 219,000 619,000 819,000 639,000 Au Inc. $209,00 469,00 289,000 329,000 69,00 259,000 659,000 349,000 On December 31, Year 4. Walla purchased all of the outstanding shares of Au Inc. by issuing 31,000 common shares with a market value of $24 per share. The carrying amounts of Au Inc.'s assets and liabilities were equal to fair value except for the following: Land Other tangible assets Liabilities Fair Value $519,000 338,000 349,000 Required: What are the balances for the land, other tangible assets, goodwill, investment in common shares, liabilities, common shares, and revenues after the transaction noted above on. (Leave no cells blank-be certain to enter "0" wherever required.) (a) Walla's separate entity financial statements The trial balances for Walla Corporation and Au Inc. at December 31, Year 4. just before the transaction described below. were as follows: Current assets Land Other tangible assets Liabilities Common shares Retained earnings, 1/1/Year 4 Revenues Expenses Wallau $299,000 619,000 519,000 419,000 219.000 619,000 819.000 639,000 Inc. $209,000 469,000 289,000 329,000 69,000 259,000 659,000 349,000 On December 31, Year 4. Walla purchased all of the outstanding shares of Au Inc, by issuing 31.000 common shares with a market value of $24 per share. The carrying amounts of Au Inc.'s assets and liabilities were equal to fair value except for the following: Land Other tangible assets Liabilities Fair Value $519,000 338,000 349,000 Required: What are the balances for the land, other tangible assets, goodwill, investment in common shares, liabilities, common shares, and revenues after the transaction noted above on. (Leave no cells blank.be certain to enter "0" wherever required.) (a) Walla's separate entity financial statements Required: What are the balances for the land, other tangible assets, goodwill, investment in common shares, liabilities, common shares, and revenues after the transaction noted above on. (Leave no cells blank - be certain to enter"" wherever required.) (a) Walla's separate entity financial statements (b) Au Inc.'s separate entity financial statements (c) Walla's consolidated financial statements Walla separate Au separate Walla consolidated Land Other tangible assets Goodwill Investment in common shares Liabilities Common shares Revenues

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