On January 1, 2013, Pendal Corporation purchased 25% of the outstanding common stock of Sedda Corporation for $100,000 cash. Book value and fair value of Sedda's assets and liabilities at the time of acquisition are shown below.
Required:
Schedule to Allocate Cost-Book Value Differentials

Question

On January 1, 2013, Pendal Corporation purchased 25% of the outstanding common stock of Sedda Corporation for $100,000 cash. Book value and fair value of Sedda's assets and liabilities at the time of acquisition are shown below.
  Required:
  Schedule to Allocate Cost-Book Value Differentials

Quizplus · Accepted Answer

The Answer of On January 1, 2013, Pendal Corporation purchased 25% of the outstanding common stock of Sedda Corporation for $100,000 cash. Book value and fair value of Sedda's assets and liabilities at the time of acquisition are shown below.
  Required:
  Schedule to Allocate Cost-Book Value Differentials

On January 1, 2013, Pendal Corporation Purchased 25% of the Outstanding