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On January 1, 2020, John Doe Enterprises (JDE)acquired a 55% interest in Bubba Manufacturing, Inc. (BMI). JDE paid for the transaction with $3 million cash and 500,000 shares of JDE common stock (par value $1.00 per share). At the time of the acquisition, BMI's book value was $16,970,000.On January 1, JDE stock had a market value of $14.90 per share and there was no control premium in this transaction. Any consideration transferred over book value is assigned to goodwill. BMI had the following balances on January 1, 2020.
For internal reporting purposes, JDE employed the equity method to account for this investment.Prepare a fair-value allocation and amortization schedule, including goodwill allocation.
Interpersonal Conflict
A situation where there is a disagreement or discord between two or more persons.
Relationship Conflict
Conflicts that arise due to personal issues, emotional incompatibilities, and misunderstandings between individuals.
Bullying
The act of intimidating, coercing, or harming an individual repeatedly and deliberately, often creating an environment of fear and discomfort.
Criticizing
The act of expressing disapproval of someone or something based on perceived faults or mistakes.
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