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Unformatted text preview: E2-23* Purchase price $58,500 E2-24* Income taxes payable $106,400 P2-26 Amortization of differential assigned to copyrights $3,375 P2-27 a. Goodwill $8,000 c. Balance, December 31, 20X1, $155,600 P2-31 Total Assets: pro rate consolidation $914,000 P2-32 a. Investment Income $12,750 b. Investment balance $175,050 P2-33 c. $238,800 P2-34 b. $212,600 P2-35 a. 20X3: Net Income $260,900 P2-36 c. Fair value 20X8 $97,000 P2-37 20X9: Unrealized loss on decrease in value of stock $5,000 P2-38 Credit investment account $28,500 P2-39* c. $31,000 P2-40* a. Retained earnings, December 31, 20X8: $319,000 P2-41* Net income $76,320 P2-42* (b) 20X5: Net income $40,240...
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This note was uploaded on 09/23/2010 for the course BUS 302 taught by Professor Kolt during the Fall '10 term at Arizona Western College.
- Fall '10
- Financial Accounting