en 25 on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the same day the Y net assets was $ 140,000 in the same date the fair value of assets and liabilities were equal .year ended 31/12/2019 Y reported income $50,000 , declared dividend $30,000, X using equity methods what is non-controlling interest balance on 1/1/2019 ed out of Select one: question o a. 50,000 O b. 10,000 C. 47,500 o d. 37,500 uestion 27 merger occurs when one corporation takes over all the operations of another business entity, and that entity is dissolved ot yet nswered Parked out of Select one: O True 3.00 P Flag question False uestion 28 Parents paid-in capital ledger accounts always are eliminated in the preparation of a consolidated balance sheet for the parent company and the subsidiary ot yet nswered Select one: marked out of True ..00 Flag question False