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PepsiCo Inc. acquired 80% of Spotify Technology SA's outstanding shares on January 1, 20X1, for $25 billion. Spotify Technology SA reported a net income of
- PepsiCo Inc. acquired 80% of Spotify Technology SA's outstanding shares on January 1, 20X1, for $25 billion.
- Spotify Technology SA reported a net income of $4 billion for the year ended December 31, 20X1.
- Prepare a consolidated income statement for PepsiCo Inc. and its subsidiary Spotify Technology SA for the year ended December 31, 20X1, with a breakdown of non-controlling interests.
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Business Analysis And Valuation
Authors: Erik Peek, Paul Healy, Krishna Palepu
5th Edition
1473758424, 978-1473758421
