On 1 / 1 / 2 0 1 9 P Co acquired 7 5 % of S
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Question:
On P Co acquired of S Co's outstanding common stock for cash The fair value of the noncontrolling interest was equal to the proportionate share of the book value of S Co's net assets at the date of acquisition. Selected balance sheet data on January are as follows
P S
total assets
liabilities
common stock
retained earning
Based on the preceding information, what amount will P Company report as common stock in its consolidated balance sheet on
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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