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On January 1, 20X1, Par Inc acquires 85.29% of Sub Corp for $207,471 in cash. Immediately before the acquisition, the book value of Sub's identifiable
On January 1, 20X1, Par Inc acquires 85.29% of Sub Corp for $207,471 in cash. Immediately before the acquisition, the book value of Sub's identifiable net assets was $140,611 with a fair value of $157,899, while the book value of Par's net assets was $276,617. What will be the amount of non-controlling interest (NCI) on the consolidated balance sheet immediately after the acquisition if the fair-value-enterprise (FVE) method is used? a. $34,888 b. $36,677 c. $33,993 d. $35,783 e. $33,099
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