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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: Book Value Account Fair Value 250,000 800,000 200,000 $ 200,000 Current Assets 350,000 Liabilities _.___.. _ __ 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. EXERCISES PIC.cOLLAGE
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