Mid$-$year acquisition

On $4/1/21,$ Big acquired $80\%$ of Little's voting stock for $$200,000.$ The fair value of the NC Interest on that date was $$50,000.$

All of Little's assets and liabilities had fair values equal to book value, so any differential is ascribed to goodwill.

Little had the following trial balance on that date:

What is Little's book value $($aka "net assets"$)$ at acquisition?

How much goodwill is present?

What are the "post acquistion earnings" of Little?

What are the "post acqusition dividends" of Little?

What is the value in cell F$22?$

What is the value in cell F$23?$

What is the value in cell D$27?$

What is the value in cell F$28?$

What is the value in cell D$43?$

What is the value in cell E$43?$

By the end of the year, Little reported total annual earnings of $$100,000$ and paid total annual dividends of $$25,000$

The end of year trial balances, arranged in worksheet format, are:Mid$-$year acquisition

On $4/1/21,$ Big acquired $80\%$ of Little's voting stock for $$200,000.$ The fair value of the NC Interest on that date was $$50,000.$

All of Little's assets and liabilities had fair values equal to book value, so any differential is ascribed to goodwill.

What is Little's book value $($aka "net assets"$)$ at acquisition?

Little had the following trial balance on that date:

How much goodwill is present?

What are the "post acquistion earnings" of Little?

$15000$ What are the "post acqusition dividends" of Little?

$660000$ What is the value in cell F$22?$

$460000$ What is the value in cell F$23?$

What is the value in cell D$27?$

What is the value in cell F$28?$

What is the value in cell D$43?$

What is the value in cell E$43?$

By the end of the year, Little reported total annual earnings of $$100,000$ and paid total annual dividends of $$25,000$

The end of year trial balances, arranged in worksheet format, are: