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On January 2, Year 6, Arya Co. purchased 90% of Bran Co.'s outstanding common stock at a price that was in excess of Bran's equity. Arya and Bran had no previous equity interests in each other. The price includes additional consideration contingent upon the attainment of certain future earnings levels. On that date, the fair values of Bran's assets and liabilities equaled their carrying amounts. Moreover, Arya will recognize as part of the acquisition certain separable intangible assets distinct from goodwill that were not recognized by Bran. Arya also incurred substantial direct costs to effect the combination in addition to indirect and general expenses.
Transactions during Year 6 were as follows:
The following list of accounts may or may not be included in Arya and Bran's consolidated financial statements. The refer to the possible ways those accounts may be reported in Arya's consolidated financial statements for the year ended December 31, Year 6.
Problem 1: Make a provided the reporting method for each account
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