CONSOLIDATED REPORTING MHE Reader book value-Google Search ONSOLIDATED REPORTING Saved Help Save &Exit Submi 3 P5-20 Acquisition Price LO 5-1 Summer Company holds assets with a fair value of $112,000 and a book value of $86,000 and liabilities with a book value and fair value of $26,000. Required: Compute the following amounts if Parade Corporation acquires 65 percent ownership of Summer: oints a. What amount did Parade pay for the shares if no goodwill and no gain on a bargain purchase are reported? References b. What amount did Parade pay for the shares if the fair value of the noncontrolling interest at acquisition is $45,150 and goodwill of $43,000 is reported? c. What balance will be assianed to the noncontrollina interest in the consolidated halance sheet if Parade navs $74 750 to acauire its Prev 3 of 10 ::: Next > book value- Google Search CONSOLIDATED REPORTING G Saved Help Save&Exit Submit a. What amount did Parade pay for the shares if no goodwill and no gain on a bargain purchase are reported? 3 Acquisition price points eBook b. What amount did Parade pay for the shares if the fair value of the noncontrolling interest at acquisition is $45150 and goodwill of $43,000 is reported? References price c. What balance will be assigned to the noncontrolling iterest in the consolidated balance sheet if Parade pays $ ownership and goodwill of $29,000 is reported?