On January 1, 2009, Vacker Co. acquired 70% of Carper Inc. by paying $650,000. This included a $20,000 control premium. Carper reported common stock on that date of $420,000 with retained earnings of $252,000. A building was undervalued in the company's financial records by $28,000. This building had a ten-year remaining life. Copyrights of $80,000 were to be recognized and amortized over 20 years. Carper earned income and paid cash dividends as follows: NI Div Paid 2009 $105,000 $54,600 2010 $134,400 $61,600 2011 $154,000 $84,000 On December 31, 2011, Vacker owed $30,800 to Carper. There have been no changes in Carper's common stock account since the acquisition. 1. Show the acquisition date FV allocation, which includes detailed steps such as allocation to BV, FV over BV, and Goodwill allocation, between controlling and noncontrolling interests.

Goodwill allocations

Goodwill attributed to Vacker co. - 70% = $104000

Goodwill attributed to non-controllable interest - 30% = $36000

Explanation:

Showing the acquisition date FV allocation , which includes detailed steps such as allocation to BV,FV over BV and Goodwill allocation, between controlling and nocontrolling interests

$28000 was set out as the fair value of the building and will be amortized within ten years remaining

$80000 were to be recognized and amortized over 20 years

Amortized assets are : building and copyright

Goodwill = fair value of the assets acquired - controlling interests

The assets acquired include : copyright, common stocks , retained earnings and buildings

controlling interests = non-controlling interest * 30%

Goodwill allocations

Goodwill attributed to Vacker co. - 70% = $104000

Goodwill attributed to non-controllable interest - 30% = $36000

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.

6 months hope this