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Date of Acquisition Consolidation Eliminating Entries Proline Company acquired 7 0 percent of Saturn Corporation s common stock for $ 1 5 0 million in
Date of Acquisition Consolidation Eliminating Entries
Proline Company acquired percent of Saturn Corporations common stock for $ million in cash and stock. The estimated fair value of the noncontrolling interest was $ million. At the date of acquisition, Saturns book value was $ million, consisting of capital stock of $ additional paidin capital of $ million, accumulated other comprehensive loss of $ and treasury stock of $ million. Saturn reports its identifiable net assets at amounts approximating fair value, with these exceptions: property is overvalued by $ million, deferred tax liabilities resulting from the acquisition are $ million, previously unreported identifiable intangibles have a fair value of $ million, and Saturn has $ million of goodwill on its books from a previous acquisition.
a Calculate total goodwill for this acquisition and its allocation to the controlling and noncontrolling interests. PLEASE HELP ME SOLVE THIS!
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