Question: i need a correct answer with the steps please , help me and i will like your answer Assume that A Company acquires all of

 i need a correct answer with the steps please , help i need a correct answer with the steps please , help me and i will like your answer

Assume that A Company acquires all of the net assets of B Company for $185,000 when the fair value of B's net identifiable assets is $170,000 and the book values of B's net assets Is $150,000 a. How much is the total differential? (5 points) b. How much is the goodwill? (5 points) Question 3 (75 points) On January 1, 2019 Paris Company acquired 25 percent of the common stock of Safir Corporation for $210,000, at underlying book value. For the same year, Safir reported net income of $40,000. It paid $3,000 dividends during the year. At December 31, 2019, Paris determined the fair value of the shares of Safir to be $200,000 a. Give all journal entries recorded by Paris with respect to the Investment in Safir assuming Paris uses the equity method. (30 points) b. Give all journal entries recorded by Paris with respect to the Investment in Safir assuming Paris carries securities at fair value method. (30 points) c. What amount would Paris report as investment in Safir Corporation at the end of the year, if Paris used the equity method? (5 points) d. What amount would Paris report as investment in Safir Corporation at the end of the year, if Paris used the fair value method? (5 points) e. What amount would Paris report as investment income at the end of the year, if Paris used the equity method? (5 points)

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