Case study 1 Pawl Corporation acquired 90% of Snab Corporation on January 1, 2014 for...

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Case study 1 Pawl Corporation acquired 90% of Snab Corporation on January 1, 2014 for $72,000 cash when Snab's stockholders' equity consisted of $30,000 of Capital Stock and $30,000 of Retained Earnings. The difference between the fair value of Pawl's assets and liabilities and the book value was allocated to a plant asset with a remaining 10-year straight-line life that was overvalued on the books by $5,000. The remainder was attributable to goodwill. The separate company statements for Pawl and Snab appear in the first two columns of the partially completed consolidation working papers. Required: Record all the necessary worksheet entries. Complete the consolidation income statement for Pawl and Snab at 31 of December 2014 Complete the consolidation retained earnings for Pawl and Snab at 31 of December 2014 Complete the consolidation balance sheet for Pawl and Snab at 31 of December 2014 Case study Pop Corporation wind went interest in Sun Copy, 2011. Pop Sun Carinthew 2017 were page REQUIRED ore worries woman grein Newwwww you wird used Suntem Come the Pound Sun 1 2017 31 Dec 2017 Case study 1 Pawl Corporation acquired 90% of Snab Corporation on January 1, 2014 for $72,000 cash when Snab's stockholders' equity consisted of $30,000 of Capital Stock and $30,000 of Retained Earnings. The difference between the fair value of Pawl's assets and liabilities and the book value was allocated to a plant asset with a remaining 10-year straight-line life that was overvalued on the books by $5,000. The remainder was attributable to goodwill. The separate company statements for Pawl and Snab appear in the first two columns of the partially completed consolidation working papers. Required: Record all the necessary worksheet entries. Complete the consolidation income statement for Pawl and Snab at 31 of December 2014 Complete the consolidation retained earnings for Pawl and Snab at 31 of December 2014 Complete the consolidation balance sheet for Pawl and Snab at 31 of December 2014 Case study Pop Corporation wind went interest in Sun Copy, 2011. Pop Sun Carinthew 2017 were page REQUIRED ore worries woman grein Newwwww you wird used Suntem Come the Pound Sun 1 2017 31 Dec 2017

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