Question
Fussion Company bought 60% of the shares with capacity to vote of the company Paraiso Travel on June 1 of the year 2016, paying its
Fussion Company bought 60% of the shares with capacity to vote of the company Paraiso Travel on June 1 of the year 2016, paying its book value. On that date, the value of market (fair value) of interest without the ability to exercise control over the company was 40% of Paraiso Travel. As of December 31, 2020, the Permanent Accounts of the companies presented the following balance:
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
