Answered step by step
Verified Expert Solution
Question
1 Approved Answer
finding the values Chrome File Edit View History B Bookmarks Profiles Tab Window Help 25% Wed 6:58 PM Q DE CSU-Global x McGraw-Hill Connect ACT
finding the values
Chrome File Edit View History B Bookmarks Profiles Tab Window Help 25% Wed 6:58 PM Q DE CSU-Global x McGraw-Hill Connect ACT X * Drop-in Session X Question 4 - Module 3 Crit X Course Hero x + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.... Apps Bookmarks 3 Amazing Outrea... https://portal.csu... Illustration M Gmail YouTube Maps > Other Bookmarks Reading List Module 3 Critical Thinking Assignment i Saved Help Save & Exit Submit Check my work 4 Summer Company holds assets with a fair value of $119,000 and a book value of $93,000 and liabilities with a book value and fair value of $26,000. 25 Required: points Compute the following amounts if Parade Corporation acquires 70 percent ownership of Summer: a. What amount did Parade pay for the shares if no goodwill and no gain on a bargain purchase are reported? eBook Ask Acquisition price References b. What amount did Parade pay for the shares if the fair value of the noncontrolling interest at acquisition is $40,800 and goodwill of $43,000 is reported? Acquisition price Mc Graw Pre.y. 4 of 4 Next > HillChrome File Edit View History B Bookmarks Profiles Tab Window Help 25% Wed 6:58 PM Q DE CSU-Global x McGraw-Hill Connect ACT X * Drop-in Session X Question 4 - Module 3 Crit X Course Hero x + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.... Apps Bookmarks 3 Amazing Outrea... https://portal.csu... Illustration M Gmail YouTube Maps > Other Bookmarks Reading List Module 3 Critical Thinking Assignment i Saved Help Save & Exit Submit Check my work 4 25 points b. What amount did Parade pay for the shares if the fair value of the noncontrolling interest at acquisition is $40,800 and goodwill of $43,000 is reported? eBook Acquisition price Ask References c. What balance will be assigned to the noncontrolling interest in the consolidated balance sheet if Parade pays $85,400 to acquire its ownership and goodwill of $29,000 is reported? Balance assigned to noncontrolling interest Mc Graw HillStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started