Nb sak On 1/1/16, Peters acquired 80% of the voting stock of Son by issuing 6 shares of its $50 par value common stock having a market value of $100/share. Also, $20 was paid to consultants and $10 for stock registration fees. On 1/1/09, Son's stockholders' equity consisted of C/S $100 APIC $100 and R/E $400. On that date, three account were misvalued on the books as shown below. Assume that the amount Peters paid for its 80% share is relevant in valuing the other 20% of Son. Equipment 5 yr life Liabilities 10 yrs left 40 70 50 V FMV BV excess 70 land Equip Liabs 12/31/18 TB Peters Son Parent 72 120 Inv. In Sub ?22 Does Peters use Cost, Equity, Partial Eq? (circle Bidgs (net) Equip (net) 241 289 165.2 180 150 elim S's SVE 100 100 444.4 elim interco divs 694.8 380 NCI share N 40 MI share N extra exps from misvalued assets/ liabs Nb sak On 1/1/16, Peters acquired 80% of the voting stock of Son by issuing 6 shares of its $50 par value common stock having a market value of $100/share. Also, $20 was paid to consultants and $10 for stock registration fees. On 1/1/09, Son's stockholders' equity consisted of C/S $100 APIC $100 and R/E $400. On that date, three account were misvalued on the books as shown below. Assume that the amount Peters paid for its 80% share is relevant in valuing the other 20% of Son. Equipment 5 yr life Liabilities 10 yrs left 40 70 50 V FMV BV excess 70 land Equip Liabs 12/31/18 TB Peters Son Parent 72 120 Inv. In Sub ?22 Does Peters use Cost, Equity, Partial Eq? (circle Bidgs (net) Equip (net) 241 289 165.2 180 150 elim S's SVE 100 100 444.4 elim interco divs 694.8 380 NCI share N 40 MI share N extra exps from misvalued assets/ liabs