A6 X fx On January 1, 2021, Park Corp. issued 10,000 shares of its...
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A6 X fx On January 1, 2021, Park Corp. issued 10,000 shares of its common stock ($10 par value, $35 market value) to purchase A B E F G H 1 j 4 1 Complete both parts of the consolidation assignment below. 2 A PORTION OF YOUR GRADE IS ON FORMATTING. 3 *You must format all cells with numbers as Accounting or Currency. Do not include $ in the cells. *You must enter formulas in each of the cells in the consolidation total column. 5 * When completing excel templates add rows if you need additional space. On January 1, 2021, Park Corp. issued 10,000 shares of its common stock ($10 par value, $35 market value) to purchase 100% of the common stock 6 of Sark Company. On date of the acquisition Sark's Equipment (ten-year life) was undervalued $80,000, Trademarks undervalued $70,000, Patents (five-year life) 7 undervalued $50,000, and Long Term Liabilities undervalued $30,000. Part 1: Break the cost of the Investment into its component elements on the date of acquisition. Identify what makes up each element. 8 Label your numbers and show your computations. 9 10 11 12 13
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