Question: For internal reporting purposes, Bayou employed the equity method to account for this investment. Prepare a schedule to determine goodwill, and the amortization and allocation

For internal reporting purposes, Bayou employed the equity method to account for this investment.
Prepare a schedule to determine goodwill, and the amortization and allocation amounts.
Consideration transferred for Sutton
Book value
Fair value in excess of book value
Excess cost assigned to specific
accounts based on fair values
Land
Buildings
Equipment
Goodwill
For internal reporting purposes, Bayou employed the equity method to account

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