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On January 1, 2019, Glen Co. acquired an 80% interest in Acorn Corp. for $504,000, There is no active trading market for Acorn's stock. The
On January 1, 2019, Glen Co. acquired an 80% interest in Acorn Corp. for $504,000, There is no active trading market for Acorn's stock. The fair value of Acorn's net assets was $600,000 and Glen accounts for its interest using the acquisition method. Determine the value assigned to the noncontrolling interest as of the date of the acquisition 126000
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