on january 1 2010 porter company purchased an 80 interest in the capital stock of salem company for 850000 at that time sa/

Required:
A. Prepare a Computation and Allocation Schedule for the difference between book value of equity acquired and the value implied by the purchase price.
B. Present the eliminating/adjusting entries needed on the consolidated worksheet for the year ended December 31, 2010. (It is not necessary to prepare the worksheet.)
1. Assume the use of the cost method.
2. Assume the use of the partial equity method.
3. Assume the use of the complete equity method.
C. Present the eliminating/adjusting entries needed on the consolidated worksheet for the year ended December 31, 2011. (It is not necessary to prepare the worksheet.)
1. Assume the use of the cost method.
2. Assume the use of the partial equity method.
3. Assume the use of the complete equity method.
Use the following financial data for 2012 for requirements D through G.

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