Kaye company acquired 100 of fiore company on january 1

Reference no: EM13602795

Kaye Company acquired 100% of Fiore Company on January 1, 2009. Kaye paid $1,000 excess consideration over book value which is being amortized at $20 per year. Fiore reported net income of $400 in 2009 and paid dividends of $100.

Reference no: EM13602795

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