Assume a parent company acquired a subsidiary on January 1,2XX1, for $2,520,000. The purchase price...
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Assume a parent company acquired a subsidiary on January XX for $ The purchase price was $ in excess of the subsidiarys $ book value of Stockholders Equity on the acquisition date. Of this excess purchase price, $ was assigned to Property, plant and equipment with a remaining economic useful life of years, $ was assigned to an unrecorded patent with a remaining economic useful life of years. Any remaining excess was assigned to Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $ The parent uses the cost method of preconsolidation Equity investment bookkeeping. The financial statements of the parent and its subsidiary for the year ended December XX are as follows:The financial statements of the parent and its subsidiary for the year ended December are as follows: At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with your answers. 
Assume a parent company acquired a subsidiary on January XX for $ The purchase price was $ in excess of the subsidiarys $ book value of Stockholders Equity on the acquisition date. Of this excess purchase price, $ was assigned to Property, plant and equipment with a remaining economic useful life of years, $ was assigned to an unrecorded patent with a remaining economic useful life of years. Any remaining excess was assigned to Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $ The parent uses the cost method of preconsolidation Equity investment bookkeeping.
The financial statements of the parent and its subsidiary for the year ended December XX are as follows:The financial statements of the parent and its subsidiary for the year ended December are as follows:
At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with your answers.
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