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6. Pillow Company is purchasing an 80% interest in the common stock of Sleep Company for $800,000. Sleep's balance sheet amounts at book and fair
6. Pillow Company is purchasing an 80% interest in the common stock of Sleep Company for $800,000. Sleep's balance sheet amounts at book and fair value are as follows: Fair Value $250,000 800,000 200,000 Account Book Value Current Assets $200,000 350,000 (200,000) Use a valuation analysis schedule to determine what will be the amount of the non- controlling interest in the consolidated balance sheet and how will it be displayed in the consolidated balance sheet
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