Penn Central Company Calculation December 31, 2013Total Minority 20%Cost of Acquisition 300,000 Percentage owned 80%Inverse of percentage owned125%Implied value of entire subsidiary375,000 75,000 FMVBVFMV-BVCurrent assets$ 41,250 $ 41,250 $ - Inventories$ 123,750 $ 123,750 $ - Land$ 30,000 $ 30,000 $ - Buildings and equipment (net)$ 60,000 $ 60,000 $ - Signboard leases$ 150,000 $ 60,000 $ 90,000 Current liabilities$ (127,500) $ (127,500)$ - $ 277,500 $ 187,500 $ 90,000 Book Value of Subsidiary 1

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a Calculation of goodwill Acquisition cost 20000000 Fair value of noncontrollin... View the full answer