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Assume that General Lumbar purchased 45% of NuBars outstanding common stock on October 1 for a price that approximates 45% of NuBars fair value on
Assume that General Lumbar purchased 45% of NuBars outstanding common stock on October 1 for a price that approximates 45% of NuBars fair value on that date. The remaining 55% of NuBars stock is owned by family members and business associates of the companys founder. Should General Lumbar include NuBar in its consolidated financial statements? Please explain how General Mills investors will be affected by this decision.
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