Prepare a consolidated balance sheet for Pratt and Spider as of December 31, 2018. 30....
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Prepare a consolidated balance sheet for Pratt and Spider as of December 31, 2018. 30. Allerton Company acquires all of Deluxe Company's assets and liabilities for cash on January 1. 2018, and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts: Fair Values Book Values $ 60,000 90.000 10,000 -0- 15,000 (40,000) (100,000) (35,000) Current assets.... Building.............. Land............... Trademark ..... . Goodwill ........... Liabilities.......... Common stock ....... Retained earnings.... $ 60,000 50,000 20,000 30,000 (40,000) Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: 1. $145,000 2. $110,000
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