On January 1, 2011, 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:
Prepare an allocation schedule for Pendal's investment in Sedda.

Question

On January 1, 2011, 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:
Prepare an allocation schedule for Pendal's investment in Sedda.

Quizplus · Accepted Answer

The Answer of On January 1, 2011, 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:
Prepare an allocation schedule for Pendal's investment in Sedda.

On January 1, 2011, Pendal Corporation Purchased 25% of the Outstanding