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este B I U av de $ % + Cell Styles A B C D E ANSWER ALL ITEMS (a), (b), (c) and (d) BELOW.

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este B I U av de $ % + Cell Styles A B C D E ANSWER ALL ITEMS (a), (b), (c) and (d) BELOW. SHOW ALL WORK IN SUPPORT OF YOUR ANSWER. IF YOU DO NOT SHOW WORK IN SUPPORT OF YOUR ANSWERS YOU WILL NOT GET FULL CREDIT Hall Inc. acquired 75% of RAMAR Company for $675,000 on January 1, 2018. Book value of RAMAR Company on the date of acquisition was $750,000. On the balance sheet at the date of the acquisition, RAMAR had equipment undervalued by $50,000 having a 5-year remaining life and buildings undervalued by $75,000 having a 15-year remaining life. Any other excess consideration transferred over fair value was attributed to goodwill with an indefinite life. In 2018 RAMAR Company earned income of $144,000 and payed dividends of $50,000. a. What is the dollar amount of non-controlling interest that should appear in a consolidated balance sheet prepared at the date of acquisition 1/1/2018? SHOW WORK TO SUPPORT YOUR ANSWER. 60 b. What is the total amount of goodwill, if any, recognized at the date of acquisition that would be reported in consolidated financial statements? SHOW WORK IN SUPPORT OF YOUR ANSWER. c. What is the non controlling interests share of RAMAR Inc. Income for 2018? SHOW WORK IN SUPPORT OF YOUR ANSWER. d. What is the balance in the Non-Controlling Interest account recorded Consolidation at 12/31/2018? SHOW ALL WORK IN SUPPORT OF YOUR

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