Question: The following are several figures reported for Allister and Barone as of December 3 1 , 2 0 2 1 : Allister Barone Inventory $
The following are several figures reported for Allister and Barone as of December :
Allister Barone
Inventory $ $
Sales
Investment income not given
Cost of goods sold
Operating expenses
Allister acquired percent of Barone in January In allocating the newly acquired subsidiarys fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $ that was unrecorded on its accounting records and had a fouryear remaining life. Any remaining excess fair value over Barones book value was attributed to goodwill. During Barone sells inventory costing $ to Allister for $ Of this amount, percent remains unsold in Allisters warehouse at yearend.
Determine balances for the following items that would appear on Allisters consolidated financial statements for :
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