Use the preceding information for Pantera’s purchase of Sader common stock.

100% purchase, bargain, limited adjustments, worksheet. Use the preceding information for Pantera’s purchase of Sader common stock. Assume Pantera purchased 100% of the common stock for $250,000. Pantera had the following balance sheet immediately after the purchase:

Required
1. Prepare a zone analysis and a determination and distribution of excess schedule for the investment in Sader.
2. Complete a consolidated worksheet for Pantera Company and its subsidiary Sader Company as of January 1, 20X1

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