Fill out the information at the bottom; ie, what is consolidated minority interest income? What is consolidated net income? What is consolidated goodwill?

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Parent acquired shares of Subsidiary as indicated below. Shares acquired Fair value per share Value immediately after the acquisition Remaining useful life of equipment Remaining useful life of patent Subsidiary's dividends 69,300 11.40 9.30 10 5 7,000 Subsidiary Company December 31, 20XO Fair Value 63,400 S Book Value Excess Cash 63,400 s Other assets 466,000 466,000 Equipment 713,000 528,000 57,000 Accumulated depreciation (242,000) Patent 53,000 95,000 42,000 Goodwill Total 1,053,400 Accounts payable Other liabilities Common stock ($1 par value) Additional paid-in capital Retained earnings 2$ 125,400 S 125,400 S 375,000 375,000 77,000 307,000 169,000 Total 1,053,400 Consolidated financial statements for 20X2 Parent Subsidiary Consolidated Minority interest income Net income 39,300 45,400 Goodwill Parent acquired shares of Subsidiary as indicated below. Shares acquired Fair value per share Value immediately after the acquisition Remaining useful life of equipment Remaining useful life of patent Subsidiary's dividends 69,300 11.40 9.30 10 5 7,000 Subsidiary Company December 31, 20XO Fair Value 63,400 S Book Value Excess Cash 63,400 s Other assets 466,000 466,000 Equipment 713,000 528,000 57,000 Accumulated depreciation (242,000) Patent 53,000 95,000 42,000 Goodwill Total 1,053,400 Accounts payable Other liabilities Common stock ($1 par value) Additional paid-in capital Retained earnings 2$ 125,400 S 125,400 S 375,000 375,000 77,000 307,000 169,000 Total 1,053,400 Consolidated financial statements for 20X2 Parent Subsidiary Consolidated Minority interest income Net income 39,300 45,400 Goodwill

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Calculation of percentage of holding Common stock 77000 Shares acquired in subsidiary 69300 Percenta... View the full answer