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Lion Corporation entered into an active acquisition program and acquired 80 percent of Buckeye's common stock on January 2,207, for $470,000. The fair value of
Lion Corporation entered into an active acquisition program and acquired 80 percent of Buckeye's common stock on January 2,207, for $470,000. The fair value of the noncontrolling interest at that date was determined to be $117,500. A careful review of the fair value of Buckeye's asset and liabilities 'indicated the 17 following: 26 Required: Compute the appropriate amount related to Buckeye to be included in the consolidated balance sheet immediately following the acquisition for each of the following items: 27 29 Note: Use cells A2 to A24 from the given information to complete this
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