Question
Parent owns 70 percent shares in Subsidiary. On August 31, 2019, Parent sold half of its interest in S. On the date, the book value
Parent owns 70 percent shares in Subsidiary. On August 31, 2019, Parent sold half of its interest in S. On the date, the book value of Ps 70% share of S is $80,000 and the fair value of S as a whole is $235,000. How much is the gain on the sale of half of Ps interest in S?
Group of answer choices
A. $77,500
B. $0
C. $84,500
D. $42,500
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Nike Inc Strategic Audit SWOT Pestle Competitor And Financial Analysis
Authors: Bankim Chandra Pandey
1st Edition
1973352516, 978-1973352518
