Question: PLZ GIVE ME THE CORRECT ANSWERS IN A TABLE FORMAT. The Holtz Corporation acquired 8 0 percent of the 1 0 0 , 0 0
PLZ GIVE ME THE CORRECT ANSWERS IN A TABLE FORMAT. The Holtz Corporation acquired percent of the outstanding voting shares of Devine, Incorporated, for $ per share on January The remaining percent of Devine's shares also traded actively at $ per share before and after Holtz's acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devine's underlying accounts except that a building with a year future life was undervalued by $ and a fully amortized trademark with an estimated year remaining life had a $ fair value. At the acquisition date, Devine reported common stock of $ and a retained earnings balance of $ Following are the separate financial statements for the year ending December :Holtz CorporationDevine, Incorporated At yearend, there were no intraentity receivables or payables.
a Prepare a worksheet to consolidate these two companies as of December
b Prepare a consolidated income statement for Holtz and Devine.
c If instead the noncontrolling interest shares of Devine had traded for $ surrounding Holtz's acquisition date, what is the impact
on goodwill?
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Prepare a consolidated income statement for Holtz and Devine.
Note: Enter all amounts as positive values.
a Prepare a worksheet to consolidate these two companies as of December
b Prepare a consolidated income statement for Holtz and Devine.
c If instead the noncontrolling interest shares of Devine had traded for $ surrounding Holtz's acquisition date, what is the impact
on goodwill?
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
If instead the noncontrolling interest shares of Devine had traded for $ surrounding Holtz's acquisition date, what is the
impact on goodwill?
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