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parent company acquired a 6 0 % interest in target company for $ 8 0 million in a debt transaction. target company net assets were

parent company acquired a 60% interest in target company for $80 million in a debt transaction. target company net assets were 12 million prior to the acquisition and all book values equaled fair market values
1. calculate the goodwill as a result of this acquisition
2. calculate minority interest on the consolidated balance sheet

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