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HELP CENTER way 1, 2019. Parrison Co acquired 90% of Fatare Company in exchange for $1.125,000 fair value consideration The total fair eller Company was
HELP CENTER way 1, 2019. Parrison Co acquired 90% of Fatare Company in exchange for $1.125,000 fair value consideration The total fair eller Company was assessed at $1.200.000 Parrion computed annual excess fair-value amortization of $8.000 based on the no bolween Fatart'n total fair value and its underlying book value. The subsidiary roported not income of $70,000 in 2019 and 990,000 in 2020 with dividend declarations of $30.000 each year. Apart from its investment in Fatarr, Parrison had net income of in 2019 and $200,000 in 2020. What is the consolidated not income in 20197 2 marks b. What is the balance of the noncontrolling interest in Fatar at December 31, 20207 3.5 marks c. What is the net income in 2019 attributable to the non controlling interest? 2.5 marks
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