Question: Please help me with the questions that are not correct or are blank Sierra Corporation outstanding common stock 80% acquired by Padre, Inc Cash paid

Please help me with the questions that are not correct or are blank

Please help me with the questions that are not correct or are

blank Sierra Corporation outstanding common stock 80% acquired by Padre, Inc Cash

paid by Padre, Inc. for Sierra Corporation shares Sierra's assessed fair value

Book value of Sierra Corporation $ 680,000 $ 1,003,400 $ 690,000 Sierra

accounts values on 1/1/15 Book Value Fair Value Land Buildings and equipment

(10-year remaining life) Copyright (20-year life) Notes payable (due in 8 years)

$ 65,000 $ 290,000 263,000 216,000 (176,000) (157,600) 287,000 122,000 Padre, 12/31/2015

12/31/2015 Sierra Revenues Cost of goods sold Depreciation expense Amortization expense Interest

Sierra Corporation outstanding common stock 80% acquired by Padre, Inc Cash paid by Padre, Inc. for Sierra Corporation shares Sierra's assessed fair value Book value of Sierra Corporation $ 680,000 $ 1,003,400 $ 690,000 Sierra accounts values on 1/1/15 Book Value Fair Value Land Buildings and equipment (10-year remaining life) Copyright (20-year life) Notes payable (due in 8 years) $ 65,000 $ 290,000 263,000 216,000 (176,000) (157,600) 287,000 122,000 Padre, 12/31/2015 12/31/2015 Sierra Revenues Cost of goods sold Depreciation expense Amortization expense Interest expense Equity in income of Sierra S (1,394,980) $ (684,900) 432,000 11,600 6,100 9,200 774,000 274,000 52,100 177,120) Net income $ (472,000) $ (226,000 Sierra Corporation outstanding common stock 80% acquired by Padre, Inc Cash paid by Padre, Inc. for Sierra Corporation shares Sierra's assessed fair value Book value of Sierra Corporation $ 680,000 $ 1,003,400 $ 690,000 Sierra accounts values on 1/1/15 Book Value Fair Value Land Buildings and equipment (10-year remaining life) Copyright (20-year life) Notes payable (due in 8 years) $ 65,000 $ 290,000 263,000 216,000 (176,000) (157,600) 287,000 122,000 Padre, 12/31/2015 12/31/2015 Sierra Revenues Cost of goods sold Depreciation expense Amortization expense Interest expense Equity in income of Sierra S (1,394,980) $ (684,900) 432,000 11,600 6,100 9,200 774,000 274,000 52,100 177,120) Net income $ (472,000) $ (226,000

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