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Manal Elkhoshkhany
Manal Elkhoshkhany, Bachelor's Degree
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On January 2, 2010, Page Corporation acquired a 90% interest

Customer Question

On January 2, 2010, Page Corporation acquired a 90% interest in Salcedo Company for $3,500,000. At that time Salcedo Company had capital stock of $2,250,000 and retained earnings of $1,250,000. The book values of Salcedo Company’s assets and liabilities were equal to their fair values except for land and bonds payable. The land had a fair value of $200,000 and a book value of $120,000. The outstanding bonds were issued on January 1, 2005, at 9% and mature on January 1, 2015. The bonds’ principal is $500,000 and the current yield rate on similar bonds is 6%.Required:
A. Assuming interest is paid annually, prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper on the acquisition date.
B. Prepare the workpaper entries necessary on December 31, 2010, to allocate and depreciate the difference between book value and the value implied by the purchase price.
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Customer: That is the whole information.
Submitted: 5 months ago.
Category: Single Problem
Expert:  Manal Elkhoshkhany replied 5 months ago.

Hello,

Please advise your deadline.

I am not sure if you know that Just Answer offers a “Premium Service” where I can help you through email (I prefer that because it is more private and secure plus it is easier to share files using email). Since this is an additional service, it involves an additional charge (but since I agree with your offer, I can charge you the lowest possible charge for this service - $5). If interested, I can make you an offer. Please advise.

Customer: replied 5 months ago.
For now I just need an answer to that particular question. I dont know why I was charged 55 extra dollars with no answer ready. I dont understand your question.
Customer: replied 5 months ago.
I DO NOT NEED PREMIUM SERVICE I JUST NEED TO SEE THE ANSWER IF YOU HAVE IT IF NOT I WANT MY $55 REFUND.
Expert:  Manal Elkhoshkhany replied 5 months ago.

You have not been charged anything yet :) The amount you have paid remains in your Just Answer account and does not get transferred to an expert's account until you get the solution. I can post the solution here, and there is a premium service where I can email you the solution. Help through email requires an additional charge of $5.

Now, if you do not want help by email, please advise your deadline

Thank you

Expert:  Manal Elkhoshkhany replied 5 months ago.

If you have questions about the charge, you can contact customer service and they will answer your inquiry, but for me, I need to know your deadline please

Thank you

Customer: replied 5 months ago.
MY DEADLINE IS TUESDAY.
Expert:  Manal Elkhoshkhany replied 5 months ago.

Thank you. I will start on the problem right away and post the solution as soon as I am done

Customer: replied 5 months ago.
Thank you, ***** ***** not want to be rude but I have some doubts about the authenticity of these kinds of websided.
Expert:  Manal Elkhoshkhany replied 5 months ago.

Trust me I understand :) Do not worry, you are in safe hands :)

Expert:  Manal Elkhoshkhany replied 5 months ago.

Hello,

Please click on the following link to download the solution:

https://app.box.com/s/yz4axmqhkekl1qgmma4u3gxas8yhm4iq

If you have any questions, please do not hesitate to ask; if all is clear, please rate the service

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Thank you

Customer: replied 5 months ago.
Thank you, ***** ***** go over the answer and I will ask if I dont understand soething.
Expert:  Manal Elkhoshkhany replied 5 months ago.

Sure :) Take your time, and if you do not have any questions, please rate the service. I will take a short break and respond to you as soon as I am back

Expert:  Manal Elkhoshkhany replied 5 months ago.

Hello,

Is all clear or did you have questions? Please remember to rate the service if you have no questions

Thank you

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