Question

January 1, 20x1, peres company purchased 80% of the common stock of soll company for $308,000. on this date, soll had common stock, other paid-in capital, and retained earnings of $50,000, $100,000, and $150,000, respectively. net income and dividends for two years for soll company were as follows: 20x1 20x2 net income ... .... .. .. .. . . . . . .. .. $60,000 $90,000 dividends.. .. ... .. .... .. . . . . . .. .. 20,000 30,000 on january 1, 20x1, the only tangible assets of soll that were undervalued were inventory

Answer 1

better to search it on Google you will find a best way of your answers