Dotterel Corporation paid $200,000 cash for 40% of the voting common stock of Swamp Land Inc. on January 1, 2013. Book value and fair value information for Swamp on this date is as follows:
Required:
Prepare an allocation schedule for Dotterel's investment in Swamp Land.

Question

Dotterel Corporation paid $200,000 cash for 40% of the voting common stock of Swamp Land Inc. on January 1, 2013. Book value and fair value information for Swamp on this date is as follows:
  Required:
Prepare an allocation schedule for Dotterel's investment in Swamp Land.

Quizplus · Accepted Answer

The Answer of Dotterel Corporation paid $200,000 cash for 40% of the voting common stock of Swamp Land Inc. on January 1, 2013. Book value and fair value information for Swamp on this date is as follows:
  Required:
Prepare an allocation schedule for Dotterel's investment in Swamp Land.

Dotterel Corporation Paid $200,000 Cash for 40% of the Voting