Question
Microsoft Corporation acquired 80% of LinkedIn Corporation's outstanding shares on January 1, 20X1, for $26 billion. The fair value of LinkedIn Corporation's net identifiable assets
Microsoft Corporation acquired 80% of LinkedIn Corporation's outstanding shares on January 1, 20X1, for $26 billion. The fair value of LinkedIn Corporation's net identifiable assets was $20 billion. Prepare a consolidated balance sheet for Microsoft Corporation and its subsidiary LinkedIn Corporation as of December 31, 20X1, including separate line items for non-controlling interests.
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
