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Can someone please help me 9:28 AA ezto.mheducation.com C Pie Corporation acquired 65 percent of Slice Company's common stock on December 31, 20X5, at underlying

Can someone please help me

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9:28 AA ezto.mheducation.com C Pie Corporation acquired 65 percent of Slice Company's common stock on December 31, 20X5, at underlying book value. The book values and fair values of Slice's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 35 percent of the total book value of Slice. Slice provided the following trial balance data at December 31, 20X5: Debit Credit Cash $ 27,000 Accounts Receivable 64,750 Inventory 91,200 Buildings and Equipment (net) 216,000 Cost of Goods Sold 105,700 Depreciation Expense 23.650 Other Operating Expenses 31,340 Dividends Declared 14,700 Accounts Payable $ 33,920 Notes Payable 122,000 Common Stock 88,200 Retained Earnings 134,000 Sales 196,220 Total $574,340 $574,340 Required: a. How much did Pie pay to purchase its shares of Slice? (Round your answer to nearest whole dollar amount.) Purchase price b. If consolidated financial statements are prepared at December 31, 20X5, what amount will be assigned to the noncontrolling interest in the consolidated balance sheet? (Round your answer to nearest whole dollar amount.) Noncontrolling interest c. If Pie reported income of $141,750 from its separate operations for 20X5, what amount of consolidated net income will be reported for 20X5? Consolidated net income d. If Pie had purchased its ownership of Slice on January 1, 20X5, at underlying book value and Pie reported income of $141,750 from its separate operations for 20X5, what amount of consolidated net income would be reported for 20X5? Consolidated net income References Worksheet Difficulty: 3 Hard Learning Objective: 03-04 Make calculations for the consolidation of a less-than-wholly-owned subsidiary

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