Ming Company purchased 100 percent of Savran Company for $94,000.Of the excess of cost over book value,$15,000 was attributed to Savran's undervalued plant and equipment.The rest was attributed to the general strength of the company.Complete the following work sheet by providing the figures for the Eliminations columns and the Consolidated Balance Sheet column.

Question

Ming Company purchased 100 percent of Savran Company for $94,000.Of the excess of cost over book value,$15,000 was attributed to Savran's undervalued plant and equipment.The rest was attributed to the general strength of the company.Complete the following work sheet by providing the figures for the Eliminations columns and the Consolidated Balance Sheet column.
Ming Company purchased 100 percent of Savran Company for $94,000.Of the excess of cost over book value,$15,000 was attributed to Savran's undervalued plant and equipment.The rest was attributed to the general strength of the company.Complete the following work sheet by providing the figures for the Eliminations columns and the Consolidated Balance Sheet column.

Quizplus · Accepted Answer

The Answer of Ming Company purchased 100 percent of Savran Company for $94,000.Of the excess of cost over book value,$15,000 was attributed to Savran's undervalued plant and equipment.The rest was attributed to the general strength of the company.Complete the following work sheet by providing the figures for the Eliminations columns and the Consolidated Balance Sheet column.

Ming Company Purchased 100 Percent of Savran Company for $94,000