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im not understanding part c. where is $160,000 coming from and $290,000??? for the nci i know where 26.7 is coming from but not 45

im not understanding part c.
where is $160,000 coming from and $290,000???
for the nci i know where 26.7 is coming from but not 45 percent. please help
image text in transcribed
image text in transcribed
Pro corporation purchased 11,000 hhares of schroeder Corporation on January 1,203, at book value. ak s a date, the falr value of the noncontioling interest was equal to 26.6 perceni bo 5 chroeder's book value. On On January 1, 20x9, Schroeder issued an additional 5,000 shares of its $10 par value common stock to Nonaffiliatod Company for $80 per share. Required: a. Compute the change in book value of the shares held by Pro as a result of Schroeder's issuance of additional shares. b. Prepare the entry to be recorded on Pro's books to rocognize the change in book value of the shares it c. Record the consolidation entry needed to prepare a consolidated balance sheet immediately after Schroeder's issuance of additional shares. B) 550,000440,000=$110,000 inverment in schroeder corp 110,000110,000 addit lonal paid in capitas c. Book Value Calculations: Basic Consolidation Entry: \begin{tabular}{|lrr|} \hline Common Stock & 200,000 & \\ Additional Paid-in Capital & 400,000 & \\ Retained Earnings & 400,000 & \\ Investment in Schroeder Corp. & 550,000 \\ NCl in NA of Schroeder Corp. & 450,000 \\ \hline \end{tabular}

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