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  3. on january 1,2019, parflex corporation exchanged $

On January 1,2019, Parflex Corporation exchanged $344,000 cash for 90 percent of Eagle Corporation's outstanding...

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Accounting

On January 1,2019, Parflex Corporation exchanged $344,000 cash for 90 percent of Eagle Corporation's outstanding voting stock Eagle's acquisition date balance sheet follows:
On January 1,2019, Parflex prepared the following fair-value allocation schedule:
\table[[Consideration transferred by Parflex,344,000
FOR THIS QUESTION ONLY A AND B. A ASKS FOR THE GOODWILL ALLOCATION TO CONTROLLING AND NONCONTROLLING INTEREST.
B. SHOW HOW PARFLEX DETERMINED.. USING THESE INPUTS. QUESTIONS ASKS FOR THESE SPECIFICALLY THANK YOU!! :)))
Initial:
2019-2020 Change in Eagle RE:
Excess fair value amortization:
Equity Income 2021:
Eagle 2021 Dividends:
= Investment in Eagle 12/31/21:
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