Question: Question 2 Only need the ones thst are incorrect, please do not recyoe the answers from here since there are wrong Partially correct Mark 6

Question 2 Only need the ones thst are incorrect, please do not recyoe the answers from here since there are wrong
Partially correct
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Date of Acquisition Consolidation Eliminating Entries
Proline Company acquired 70 percent of Saturn Corporation's common stock for $150 million in cash and stock. The estimated fair value of the noncontrolling interest was $50 million. At the date of acquisition, Saturn's book value was $30.030.000000 million, consisting of capital stock of $100,000, additional paid-in capital of $32.4 million, accumulated other comprehensive loss of $500,000, and treasury stock of $2.0 million. Saturn reports its identifiable net assets at amounts approximating fair value, with these exceptions: property is overvalued by $50 million, deferred tax liabilities resulting from the acquisition are $5 million, previously unreported identifiable intangibles have a fair value of $20 million, and Saturn has $10 million of goodwill on its books from a previous acquisition.
a. Calculate total goodwill for this acquisition and its allocation to the controlling and noncontrolling interests.
\table[[Total goodwill:,219,290,000
Question 2 Only need the ones thst are incorrect,

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