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0.52 E5-4 Computation of Consolidated Balances Slim Corporation's balance sheet at January 1,20X7, reflected the following balances: Ford Corporation entered into an active acquisition program

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0.52 E5-4 Computation of Consolidated Balances Slim Corporation's balance sheet at January 1,20X7, reflected the following balances: Ford Corporation entered into an active acquisition program and acquired 80 percent of Slim's common stock on January 2,207, for $470,000. The fair value of the noncontrolling interest at that date was determined to be $117,500. A careful review of the fair value of Slim's assets and liabilities indicated the following: Goodwill is assigned proportionately to Ford and the noocontrolling shareholders. Required Compute the appropriate amount related to Stim to be included in the consolidated balance sheet immediately following the acquisition for each of the following items: a. Inventory. h. Land. c. Buildings and Equuipment (net). d. Goodwill e. Imvestment in Slim Corporation. f. Noncontrolling Interest

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