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Assume on July 1, 2019, a parent company paid $1,504,800 to purchase a 75% interest in a subsidiary's voting common stock. On that date, the
Assume on July 1, 2019, a parent company paid $1,504,800 to purchase a 75% interest in a subsidiary's voting common stock. On that date, the fair value of the 25% interest not purchased by the parent company is $500,000. The acquisition-date fair value of the identifiable net assets of the subsidiary is $1,920,000. What is the amount of goodwill assigned to the controlling and noncontrolling interests, respectively, on the acquisition date
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