On January 2,2020 , Shamrock Company acquired 90% of the outstanding common stock of Ivanhoe...
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On January 2,2020 , Shamrock Company acquired 90% of the outstanding common stock of Ivanhoe Company for $558,000 cash. Just before the acquisition, the balance sheets of the two companies were as follows: The fair values of Ivanhoe's assets and liabilities are equal to their book values with the exception of land. Prepare a consolidated balance sheet at the date of acquisition. (List assets in order of liquidity. Round answers to 0 decimal places, e.g. 125.) SHAMROCK COMPANY AND SUBSIDIARY Consolidated Balance Sheet Assets $ Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity $
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On January 2,2020 , Shamrock Company acquired 90% of the outstanding common stock of Ivanhoe Company for $558,000 cash. Just before the acquisition, the balance sheets of the two companies were as follows: The fair values of Ivanhoe's assets and liabilities are equal to their book values with the exception of land. Prepare a consolidated balance sheet at the date of acquisition. (List assets in order of liquidity. Round answers to 0 decimal places, e.g. 125.) SHAMROCK COMPANY AND SUBSIDIARY Consolidated Balance Sheet Assets $ Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity $ 