Solve the following problems as your midterm quizzes.

Place all answers in a 4-column

worksheet. Answer only the requirement as stated below.
Problem Requirement
17 1. Determine goodwill or gain on acquisition
2. Determine consolidated assets, liabilities and SHE’s
18 1. Determine goodwill or gain on acquisition
2. Determine consolidated assets, liabilities and SHE’s
21 1. Determine consolidated assets, liabilities and SHE’s
2. Do number 2 requirement of the problem
23 1. Do requirement no 2
2. Do requirement no 3
3. Do requirement no 5
27 Using ONLY FAIR VALUEBASIS (NO 2):
1. Do requirement d.
2. Do requirement e.
28 Using ONLY PARTIAL GOODWILL
1. Prepare eliminating entries
32 Do requirements 1 and 2 of the problem