Parent Inc acquires 80% of Sub Inc on August 1, 2022 for cash of $180,000, what...
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Parent Inc acquires 80% of Sub Inc on August 1, 2022 for cash of $180,000, what amount would appear in the Non-Controlling Interest (NCI) Account on the Consolidated Balance Sheet on the date of acquisition if the fair value enterprise (FVE) method were used? Current Assets Non-current assets Goodwill Liabilities Shareholders' equity Parent Inc Sub Inc (carrying value) (carrying value) $ 340,000 $100,000 200,000 92,000 118,000 $ 200,000 $ 540,000 $ 400,000 140,000 $ 540,000 Sub Inc (fair value) $103,000 108,000 ? $70,000 $ 74,000 130,000 $ 200,000 Parent Inc acquires 80% of Sub Inc on August 1, 2022 for cash of $180,000, what amount would appear in the Non-Controlling Interest (NCI) Account on the Consolidated Balance Sheet on the date of acquisition if the fair value enterprise (FVE) method were used? Current Assets Non-current assets Goodwill Liabilities Shareholders' equity Parent Inc Sub Inc (carrying value) (carrying value) $ 340,000 $100,000 200,000 92,000 118,000 $ 200,000 $ 540,000 $ 400,000 140,000 $ 540,000 Sub Inc (fair value) $103,000 108,000 ? $70,000 $ 74,000 130,000 $ 200,000
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Step 12 Computation of Implied value of Sub Inc Implied value of Sub Inc Cash amount paid for acquir... View the full answer
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
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