Question: The answers in red are wrong. Please help me. ProForm acquired 60 percent of ClipRite on June 30,2020 , for $660,000 in cash. Based on

ProForm acquired 60 percent of ClipRite on June 30,2020 , for $660,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $720,000 was recognized and is being amortized at the rate of $18,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest falr value was assessed at $440,000 at the acquisition date. The 2021 financial statements are as follows: (Note: Parentheses indicate a credit balance.) Proform sold ClipRite inventory costing $82,000 during the last six months of 2020 for $220,000. At year-end, 30 percent remained. Proform sold ClipRite inventory costing $265,000 during 2021 for $380,000. At year-end, 10 percent is lef. Determine the consolidated balances for the following accounts: (Input all amounts as positive values.) Determine the consolidated balances for the following accounts: (Input all amounts as positive values.) Sales Cost of Goods Sold Operating Expenses Dividend Income Net Income Attributable to Noncontrolling Interest Inventory Noncontrolling Interest in Subsidiary, 12/31/21 Answer is complete but not entirely correct. ProForm acquired 60 percent of ClipRite on June 30,2020 , for $660,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $720,000 was recognized and is being amortized at the rate of $18,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest falr value was assessed at $440,000 at the acquisition date. The 2021 financial statements are as follows: (Note: Parentheses indicate a credit balance.) Proform sold ClipRite inventory costing $82,000 during the last six months of 2020 for $220,000. At year-end, 30 percent remained. Proform sold ClipRite inventory costing $265,000 during 2021 for $380,000. At year-end, 10 percent is lef. Determine the consolidated balances for the following accounts: (Input all amounts as positive values.) Determine the consolidated balances for the following accounts: (Input all amounts as positive values.) Sales Cost of Goods Sold Operating Expenses Dividend Income Net Income Attributable to Noncontrolling Interest Inventory Noncontrolling Interest in Subsidiary, 12/31/21 Answer is complete but not entirely correct
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