4. Perch Co. acquired 80% of the common stock of Float corp. for $1,650,000 and the book value was $1,500,000. The non controlling interest shares of float corp were no actively traded. What is the dollar amount of fair value over book value differences attributed to Perch at the date of acquisition?

7. Denver co. acquired 80% of the common stock of Haley corp. on September 1 2014. For 2014 Haley recorded revenues of $810,000 and expenses of $630,000. All reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000. What is the effect of including Haley in consolidated net income for 2014?