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Business, 08.04.2020 04:34 bryannnnv

Boulder, Inc., obtained 90 percent of Rock Corporation on January 1, 2016. Annual amortization of $24,500 is applicable on the allocations of Rock's acquisition-date business fair value. On January 1, 2017, Rock acquired 75 percent of Stone Company's voting stock. Excess business fair-value amortization on this second acquisition amounted to $11,200 per year. For 2018, each of the three companies reported the following information accumulated by its separate accounting system. Separate operating income figures do not include any investment or dividend income.

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Boulder, Inc., obtained 90 percent of Rock Corporation on January 1, 2016. Annual amortization of $2...
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