Pine Company purchased a 60 interest in the Scent Company on January 1 20X1 for 360000 On that date the stockholders equity of Scent Company was 450000 Any excess cost on 11X1 was attributable to goodwill Pine purchased another 20 interest on January 1 20X4 for 200000 On January 1 20X4 Scent Companys stockholders equity was 700000 the entire increase due to retained earnings

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a Canadian Dollars Exchange Rate US Dollars Investment Cost 10530081 130000 081 105300 Book value of ... View the full answer