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REFERENCE: Ref.03_15 Utah Inc.obtained All of the Outstanding Common Stock of Trimmer

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REFERENCE: Ref.03_15
Utah Inc.obtained all of the outstanding common stock of Trimmer Corp.on January 1,2009.At that date,Trimmer owned only three assets and had no liabilities:
SHAPE \* MERGEFORMAT
$REFERENCE: Ref.03_15 Utah Inc.obtained all of the outstanding common stock of Trimmer Corp.on January 1,2009.At that date,Trimmer owned only three assets and had no liabilities: SHAPE \* MERGEFORMAT -If Utah paid $264,000 in cash for Trimmer,and the original transaction occurred on January 1,2008 under SFAS 141,what allocation should have been assigned to the subsidiary's Building account and its Equipment account in a December 31,2010 consolidation? The fair value of net assets is $288,000.$
-If Utah paid $264,000 in cash for Trimmer,and the original transaction occurred on January 1,2008 under SFAS 141,what allocation should have been assigned to the subsidiary's Building account and its Equipment account in a December 31,2010 consolidation? The fair value of net assets is $288,000.

Definitions:

Null Hypothesis

A hypothesis that there is no significant difference or effect, serving as a default position in hypothesis testing.

Independent Variables

Factors in an experiment that are purposely manipulated to observe their effect on dependent variables.

Durbin-Watson Statistic

A measure used in statistics to detect the presence of autocorrelation in the residuals from a regression analysis.

First-Order Autocorrelation

First-order autocorrelation is a statistical measure indicating the correlation between values in a time series and their immediate predecessors.