Plumber Corporation acquired all of Socket Corporation's voting shares on January 1, 20X2, for $470,000. At that time, Socket reported common stock outstanding of $80,000 and retained earnings of $130,000. The book values of Socket's assets and liabilities approximated fair values, except for land, which had a book value of $80,000 and a fair value of $100,000, and buildings, which had a book value of $220,000 and a fair value of $400,000. Land and buildings are the only noncurrent assets that Socket holds. Required: a. Compute the amount of goodwill at the date of acquisition Goodwill
b. Prepare the consolidating entry or entries required immediately following the acquisition to prepare a consolidated balance sheet. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Explanation:

a. The computation of the goodwill amount at the date of acquisition is shown below:

= Common stock + retained earnings + excess value of land + excess value of building - cost of acquisition

= $80,000 + $130,000 + $20,000 + $180,000 - $470,000

= $60,000

where,

Excess value of land is

= $100,000 - $80,000

= $20,000

Excess value of building is

= $400,000 - $220,000

= $180,000

b. The journal entries are

Common Stock A/c Dr $80,000

Retained earnings A/c Dr $130,000

       To Investment A/c $210,000

(Being the investment is recorded)

Land A/c Dr $20,000

Building A/c Dr $180,000

Goodwill A/c Dr $60,000

       To Investment A/c $260,000

(Being the investment is recorded)

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol