Son corporations stockholder equity at dec 31,2015 capital stock $10 per 60,000shares issued and outstanding =$600 addtional

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Son corporations stockholder equity at dec 31,2015 capital stock $10 per 60,000shares issued and outstanding =$600

addtional paid in capital =$150

Retained earnings = $250

Total stockholders equity =$1000

on jan 1,2016,Pop corporation purchased 20,000 previously unissued shares of son stock directly from son corporation for $500,000

a) cal pop corporation percentage ownership in son

b) determine the goodwill (if any) from pop investment in son. assume book value of all identified assets and libaility equal the fair value

Related Book For answer-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: Jun 20, 2022 04:42 AM

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Son corporations stockholder equity at dec 31,2015 capital stock $10 per 60,000shares issued and outstanding =$600 addtional

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a Percentage of Ownership in Son No of Shares held by POP Total No of Sh... View the full answer

Financial and Managerial Accounting the basis for business decisions

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