Question: At the acquisition date, how much is the total fair value of the Subco? At the acquisition date, how much is the total difference between

At the acquisition date, how much is the total fair value of

At the acquisition date, how much is the total fair value of the Subco?

At the acquisition date, how much is the total difference between fair value and book value of acquired assets and liabilities?

At the acquisition date, how much is total goodwill?

At the acquisition date, how much is controlling interest goodwill?

At the acquisition date, how much is noncontrolling interest goodwill?

For 2023, how much is noncontrolling interest in net income?

NOTE: Please use the following facts to answer Questions 9 through 20. Pierce International acquires 70% of the outstanding stock of Subco Ltd. on January 1,2023 . In preparing to consolidate Pierce and Subco on December 31, 2023, we have the following information available: - Acquisition price is $250 million in cash - Subco's net assets at acquisition: \$16 million (\$10 million retained earnings and \$6 million common stock) - Fair value of previously unrecorded patents (5-year life): \$15 million - Fair value of fixed assets (25-year life) exceeds book value by $5 million - Fair value of long-term debt (10-year life) exceeds book value by $2 million - Fair value of all other acquired assets and liabilities equals their book value - Fair value of the 30 percent noncontrolling interest at acquisition: $70 million - Subco's net income in 2023: \$5.6 million - Subco's dividends paid in 2023: 15% of net income

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