$\begin{array}{cc}\text{C}\text{o}\text{n}\text{s}\text{i}\text{d}\text{e}\text{r}\text{a}\text{t}\text{i}\text{o}\text{n}\text{t}\text{r}\text{a}\text{n}\text{s}\text{f}\text{e}\text{r}\text{r}\text{e}\text{d}by\text{P}\text{a}\text{r}\text{f}\text{l}\text{e}\text{x}& \text{\$}344000\\ 10\%\text{n}\text{o}\text{n}\text{c}\text{o}\text{n}\text{t}\text{r}\text{o}\text{l}\text{l}\text{i}\text{n}\text{g}\text{i}\text{n}\text{t}\text{e}\text{r}\text{e}\text{s}\text{t}\text{f}\text{a}\text{i}\text{r}\text{v}\text{a}\text{l}\text{u}\text{e}& 36000\\ \text{F}\text{a}\text{i}\text{r}\text{v}\text{a}\text{l}\text{u}\text{e}of\text{E}\text{a}\text{g}\text{l}\text{e}& 380000\\ \text{B}\text{o}\text{o}\text{k}\text{v}\text{a}\text{l}\text{u}\text{e}of\text{E}\text{a}\text{g}\text{l}\text{e}& 324000\\ \text{E}\text{x}\text{c}\text{e}\text{s}\text{s}\text{f}\text{a}\text{i}\text{r}\text{o}\text{v}\text{e}\text{r}\text{b}\text{o}\text{o}\text{k}\text{v}\text{a}\text{l}\text{u}\text{e}& 56000\\ to\text{e}\text{q}\text{u}\text{i}\text{p}\text{m}\text{e}\text{n}\text{t}(undervalued\text{r}\text{e}\text{m}\text{a}\text{i}\text{n}\text{i}\text{n}\text{g}\text{l}\text{i}\text{f}\text{e}of9\text{y}\text{e}\text{a}\text{r}\text{s})& 18000\\ to\text{g}\text{o}\text{o}\text{d}\text{w}\text{i}\text{l}\text{l}(indefinite\text{l}\text{i}\text{f}\text{e})& \text{\$}38000\end{array}$

The companies' financial statements for the year ending December $31,2013,$

follow:

Compute the goodwill allocation $to$ the controlling and noncontrolling

interest.

Show how Parflex determined its "Investment $in$ Eagle" account balance.

Determine the amounts that should appear $on$ Parflex's December $31,$

$2013,$ consolidated statement $of$ financial position and its $2013$

consolidated income statement.

What are the total credit$\frac{s}{d}$ebits associated with the consolidating journal

entries for the controlling entry?

Based $on$ your knowledge $of$ consolidations, what are some accounting

issues associated with Eagle's acquisition? Explain your journal entries.

Task $4-If$ Parflex Corporation exchanged $$344,000$ cash for ONLY $40\%of$

Eagle Corporation's outstanding voting stock, how would this problem have

changed?