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Check my work mode : This shows what is correct or incorrect for the work you have compicted so far. it does not indicate completion Return 21 a fair value of $120,000 and a book value of $90,000 and iabilitles with a book value and fair value of $25,000. Required: Compute the following amounts if Parade Corporation acquires 60 percent ownership of Summer points Sipoed a. What amount did Parade pay for the shares if no goodwill and no gain on a bargain purchase are reported? b. What amount did Parade pay for the shares if the fair va $40,000 is reported? lue of the noncontrolling interest at acquisition is $54,000 and goodwill of assigned to the noncontrolling interest in the consolidated balance sheet if Parade pays $73,200 to acquire its ownership and goodwill of $27,000 is reported? MacBook Pro

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