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Consolidations - Changes in Ownership Interests Bower Corporation purchased a 70% interest in Stage Corporation on June 1, 2013 at a purchase price of $350,000.On
Consolidations - Changes in Ownership Interests Bower Corporation purchased a 70% interest in Stage Corporation on June 1, 2013 at a purchase price of $350,000.On June 1, 2013, the book values of Stage's assets and liabilities were equal to fair values. On June 1, 2013, Stage's stockholders' equity consisted of $290,000 of Common Stock and $210,000 of Retained Earnings. All cost-book differentials were attributed to goodwill. During 2013, Stage earned $120,000 of net income, earned uniformly throughout the year and paid $6,000 of dividends on March 1 and another $6,000 on September 1 uestion 1: Noncontrolling interest share for 2013 is ...? Answer Question 2: Preacquisition income for 2013 is...? Answer Question 3 Anthony Company declared and paid $20,000 of dividends during 2014. The schedule of dividends follows: March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 $5,000 $5,000 $5,000 $5,000 Anthony Company was acquired on June 1, 2014 by Google Company. Google acquired 100 percent of Anthony Company. Both companies have a December 31 fiscal year end. What is the amount of preacquisition dividends in 2014
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