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  3. pop book value book value fair value $ 70 160 140

Pop Book Value Book Value Fair Value $ 70 160 140 200 220 160 350...

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Accounting

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Pop Book Value Book Value Fair Value $ 70 160 140 200 220 160 350 $1,300 $ 40 60 60 100 140 NO Assets Cash Receivables et Inventories Land Buildingsnet Equipment-net Investment in Son Total assets Libilities and Stockholders' Equity Accounts payable Other liabilities Capital stock. $20 par Retained earnings Total equities $ 40 60 100 120 180 60 5480 $ 560 S160 $160 NO $180 20 1.0X) 10) $1,00 100 200 20 $40 REQUIRED 1. Prepare a schedule to assign the difference between the fair value of the investment in Son and the book value of the interest to identifiable and unidentifiable net assets 2. Prepare a consolidated balance sheet for Pop Corporation and Subsidiary at January 1, 2016

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