Company Acquires Company B for 600,000 in cash and wants to prepare a consolidated worksheet dated to

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Company Acquires Company B for 600,000 in cash and wants to prepare a consolidated worksheet dated to the acquisition date. Company B has total assets of 600,000 liabilities of 200,000 common stock of 350,000 and retained earnings of 50,000.

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What is the correct excess value reclassification journal entry if the positive differential in the purchase is to be assigned to land.

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0078025624

10th edition

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

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Posted Date: Feb 14, 2022 12:17 AM

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Company Acquires Company B for 600,000 in cash and wants to prepare a consolidated worksheet dated to

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A Company Made Aquired B Company For 600000 Cost of Aquistion is 600000 and B Company Net ... View the full answer

Advanced Financial Accounting

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