Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

تمرين 18

On January 1, 2011, Parflex Corporation exchanged $344,000 cash for 90% of Eagle Corporation's outstanding voting stock. Eagle's acquisition date balance sheet follows:


a. Compute the goodwill allocation to the controlling and noncontrolling interest.
b. Show how Parflex determined its "Investment in Eagle" account balance.
c. Determine the amounts that should appear on Parflex's December 31, 2013, consolidated statement of financial position and its 2013 consolidated income statement.