Question: please use formulas for everything calculated so i can understand.thanks.questions : part a snd b on jan 1, 2020, Innovus Inc,, acquired 100% of the

please use formulas for everything calculated so i can understand.thanks.questions : part a snd b on jan 1, 2020, Innovus Inc,, acquired 100\% of the common stock of ChipTech Company for $ \$ 670,000 $ in cash and other fair-value consideration. ChipTech's fair value was allocated among its net 1 answer

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The Heinrich Company manufactures two types of plastic hanger racks (Foldaways and Straightaways) especially suited for mounting near clothes dryers. Because permanent press clothing must be hung on...

please helpi already asked for this but it gor never answered and wasmarked as answers.please help ASAPthbak u Fuel consumption is commonly measured in miles per gallon (mi/gal). An agency designed...

On January 1, 2014, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair-value consideration. ChipTechs fair value was allocated among its...

On January 1, 2017, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair-value consideration. ChipTech's fair value was allocated among its...

Please make the answers like it would be imputed in an Excel spreadsheet, including all of the formulas used for the calculations. On January 1, 2020. Innovus, Inc., acquired 100 percent of the...

Please show all work and formulas. On January 1, 2020, Innovus, Inc., acquired 100 percent of the common stock of Chip Tech Company for $670,000 in cash and other fair- value consideration. Chip...

On January 1, 2020, Innovus, Inc., acquired 100 percent of the common stock of Chip Tech Company for $670.000 in cash and other fair value consideration, Chip Tech's fair value was allocated among...

Can't understand where values come from in the adjustment columns can formulas be added. On January 1, 2020, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000...

Please help! This is what I have so far. If you could explain how to get the consolidated entry amounts so I can get a better understanding, I would greatly appreciate it On January 1, 2020, Innovus,...

EXCEL CASE 1 Page 152 CPA skills On January 1, 2020, Innovus, Inc., acquired 100 percent of the common stock of Chip Tech Company for $670,000 in cash and other fair- value consideration. Chip Tech's...

I need to prepare a consolidation Excel worksheet with the adjusting entries named and numbered with the letters, please see below: HINT: Instructor said we need to use INITIAL VALUE METHOD for this...

Rehman started a partnership with Mohan and Lew by contributing RM10, 000, RM12000 and RM12, 000 respectively. Lew will be the active partner and manage the partnership. They agreed to share the...

Consider the following: a. The bakery department of a Publix supermarket reports income for the current year. b. Pace Foods is a subsidiary of Campbell Soup Company. c. The personnel department of...

Doran company had an accident with its delivery truck at the end of the quarter. The accident caused a fire that burnt down a building housing a restaurant and dry cleaner near Doran's plant....

Find the average value of the following function over the given interval. Draw a graph of the function and indicate the average value. f(x) = il-1,1] X +1 3 The average value of the function f(x) =...

A rope passing through a capstan on a dock is attached to a boat offshore. The rope is pulled in at a constant rate of 2 ft divided by s2 ft/s, and the capstan is 5 ft5 ft vertically above the water....

Find or approximate all points at which the given function equals its average value on the given interval. f(x) = sin x on [-T,0] The function is equal to its average value at x =

Explain why combining forecasts from several people or models should produce forecast that have less variability or errors than forecasts produced by an individual or a model. Your answer must be...

Under what conditions is a qualitative forecasting approach likely to be preferred to a quantitative approach? Your answer must be checked in turnit in system to avoid any plagiarism

identify the correctly writien esepound sentences. Check all that apply.Informational meusges are usualy ergenied in a drect maser but sevitive messapes are offen indirect to avoid offending the...

A subsidiary that has a net operating loss carryforward is acquired. The related deferred income tax asset is $230,000. Because the parent believes that a portion of this carryforward likely will...

Why were federal securities laws originally enacted by Congress?

Assume the same basic information as presented in problem 33 except that Monica employs the equity method of accounting. Hence, it reports $102,740 investment income for 2011 with an Investment...

The Emerging Workforce Study conducted by Harris Interactive on behalf of Spherion, a leader in providing value-added staffing, recruiting, and workforce solutions, utilized a random sample of 502...

Neverslip, Inc., produces belts for industrial use. As part of its continuous process-improvement program, Neverslip has decided to monitor on-time shipments of its products. Suppose a random sample...

The following sample data have been collected based on a simple random sample from a normally distributed population: a. Compute a 90% confidence interval estimate for the population mean. b. Show...