The following are several figures reported for Poyer and Sutter as of December :
Poyer acquired percent of Sutter in January In allocating the newly acquired subsidiary's fair value at the acquisition date,
Poyer noted that Sutter had developed a unpatented technology worth $ that was unrecorded on its accounting records and
had a fiveyear remaining life. Any remaining excess fair value over Sutter's book value was attributed to an indefinitelived trademark.
During Sutter sells inventory costing $ to Poyer for $ Of this amount, percent remains unsold in Poyer's
warehouse at yearend.
Required:
Determine balances for the following items that would appear on Poyer's consolidated financial statements for :
Note: Input all amounts as positive values.The following are several figures reported for Poyer and Sutter as of December :
Poyer acquired percent of Sutter in January In allocating the newly acquired subsidiary's fair value at the acquisition date,
Poyer noted that Sutter had developed a unpatented technology worth $ that was unrecorded on its accounting records and
had a fiveyear remaining life. Any remaining excess fair value over Sutter's book value was attributed to an indefinitelived trademark.
During Sutter sells inventory costing $ to Poyer for $ Of this amount, percent remains unsold in Poyer's
warehouse at yearend.
Required:
Determine balances for the following items that would appear on Poyer's consolidated financial statements for :
Note: Input all amounts as positive values.
ONLY LOOKING FOR E NET INCOME All answers are confirmed correct that are listed