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110201 X & https://moodle.mcheese.edu/mod/quiz/attempt.php?attempt 17395238cmid=1248281&page 10 McNeese Online La Scene typ Contacte Oce 165 FACCT405-A / My courses 20 ACC40SWAT / Exams 11 on 1/2000 Crescent Company 20% of the stomack Clycomowy for 500,000. Archiede care Crescent City Company the ato sgrificant incety Cory Nelson for City Contr2000 1 and they dividendi of 575.000 ore purch das 120. For videocond both entries, the template The foowing facts below to Cly Company of Carrying out 3180 000 0.000 10000 1 ABI What it good Descrion Rent De Credit o # Type here to search % 2 4 3 5 7 6 8 On 1/1/2020, Crescent Classic Company acquired 20% of the outstanding common stock of City Company gave Crescent City Company the ability to significantly influence City Company. Net loss for City Company purchase and all JEs for 2020. For dividends, record both entries. Also, indicate the goodwill in the template The following facts below are for City Company as of 1/1/2020: Fair Value Carrying Amount Cash and AR $420,000 $420,000 Land $350,000 $350,000 Building (5yr, useful life) remaining) $450,000 $400,000 $400,000 Copyright (10 yr useful life) remaining) $330,000 Liabilities ($900,000) 15900,000) A- B 1 F T. % 3 What is goodwill? Description Account Debit Credit O si a HU 22 e here to search 110201 X & https://moodle.mcheese.edu/mod/quiz/attempt.php?attempt 17395238cmid=1248281&page 10 McNeese Online La Scene typ Contacte Oce 165 FACCT405-A / My courses 20 ACC40SWAT / Exams 11 on 1/2000 Crescent Company 20% of the stomack Clycomowy for 500,000. Archiede care Crescent City Company the ato sgrificant incety Cory Nelson for City Contr2000 1 and they dividendi of 575.000 ore purch das 120. For videocond both entries, the template The foowing facts below to Cly Company of Carrying out 3180 000 0.000 10000 1 ABI What it good Descrion Rent De Credit o # Type here to search % 2 4 3 5 7 6 8 On 1/1/2020, Crescent Classic Company acquired 20% of the outstanding common stock of City Company gave Crescent City Company the ability to significantly influence City Company. Net loss for City Company purchase and all JEs for 2020. For dividends, record both entries. Also, indicate the goodwill in the template The following facts below are for City Company as of 1/1/2020: Fair Value Carrying Amount Cash and AR $420,000 $420,000 Land $350,000 $350,000 Building (5yr, useful life) remaining) $450,000 $400,000 $400,000 Copyright (10 yr useful life) remaining) $330,000 Liabilities ($900,000) 15900,000) A- B 1 F T. % 3 What is goodwill? Description Account Debit Credit O si a HU 22 e here to search

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