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8. Perch Co. acquired 80$ of the common stock of float Corp. for $1,600,000. The fair value of Float's net assets was $1,870,000, and the

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8. Perch Co. acquired 80$ of the common stock of float Corp. for $1,600,000. The fair value of Float's net assets was $1,870,000, and the book value was $1,450,000. The non-controling interest shares of Float Corp, are not actively traded. What is the total amount of goodwill recognized at the date of acquisition? A. 5130,000 . B. $150,000. C. $420,000. D. $120,000. . $170,000. 9. Use information in Question 8 to answer the following question. What is the dollar amount of noncontrolling interest that should appear in a consolidated balance sheet prepared at the date of acquisition? A. $350,000. B. $300,000. C. $400,000. D. $370,000. E. $0

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