On January 1, 2014, Park Corporation and Strand Corporation and their condensed balance sheet are as

follow:
Park Corp. Strand Corp.
Current Assets 70,000.00 20,000.00
Non-current Assets 90,000.00 40,000.00
Total Assets 160,000.00 60,000.00

Current Liabilities 30,000.00 10,000.00

Long-term Debt 50,000.00 -
Stockholders Equity 80,000.00 50,000.00
Totak Liabilities and Equity 160,000.00 60,000.00

33. The amount of Goodwill using proportionate basis (PARTIAL):

Consideration Transferred 60,000.00

LESS: BV of SHE - Strands Corp. (40,000.00)
50,000 x 80%
FV in excess of BV 20,000.00
40%
Partial Goodwill 8,000.00

34. The amount of Goodwill using full fair value (full/gross-up) basis: