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(Answered)-On January 1st 2012, Father Company, Inc. purchased 100% interest


On January 1st 2012, Father Company, Inc. purchased 100% interest in Son?s Company, Inc. paying$758,380. Below you will information pertaining to Son?s books and records on January 1st 2012.


Required:1. Use the information above to compute goodwill _________ and annual amortization expense____________.

2. The trial balance of both companies at December 31st 2013 are presented below. Please prepareall elimination entries at December 31, 2013 and complete a consolidation worksheet in goodform for the same time period.


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Please see attached

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DATE ANSWERED

Oct 07, 2020

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