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Calculate the total amount of push-down capital

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Reference no: EM132957014

Question - Pow Inc. acquired 80 % of interest in Wow Inc. for $280,000 in cash on January 1, 2014. At the time, Wow had overvalued inventory of $20,000, overvalued account receivables of $50,000, and overvalued plat assets of $20,000. Wow's equity was $200,000 in common stock, and $50,000 in retained earnings.

Required -

1. Calculate the total amount of push-down capital under parent-company theory.

2. Calculate the total amount of push-down capital under entity theory.

Reference no: EM132957014

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