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Prepare a determination and distribution of excess schedule

a. Prepare a determination and distribution of excess schedule as of July 1, 20X5 at acquisition based on all information presented in this problem.

b. Prepare the eliminations and adjustments that would be made on the June 30, 2016, consolidated worksheet to eliminate the investment in Seine. Distribute and amortize any excess.

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Accounting Basics: Prepare a determination and distribution of excess schedule

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