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Pea Company purchased 7 0 percent of Split Company s stock approximately 2 0 years ago. On December 3 1 , 2 0 X 8
Pea Company purchased percent of Split Companys stock approximately years ago. On December X Pea purchased a building from Split for $ Split had purchased the building on January X at a cost of $ and used straightline depreciation on an expected life of years. The assets total estimated economic life is unchanged as a result of the intercompany sale. Split reports assets with a book value of $ and liabilities of $ at January X and reports net income of $ and dividends of $ for X What amount will be assigned to the noncontrolling interest in the consolidated balance sheet at December X assuming the fair value of the noncontrolling interest at the date of acquisition was equal to percent of Split Companys book value?
Pea Company purchased percent of Split Companys stock approximately years ago. On December X Pea purchased a building from Split for $ Split had purchased the building on January X at a cost of $ and used straightline depreciation on an expected life of years. The assets total estimated economic life is unchanged as a result of the intercompany sale.
Split reports assets with a book value of $ and liabilities of $ at January X and reports net income of $ and dividends of $ for X What amount will be assigned to the noncontrolling interest in the consolidated balance sheet at December X assuming the fair value of the noncontrolling interest at the date of acquisition was equal to percent of Split Companys book value?
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