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Pie Corporation acquired 80 percent of Slice Company's common stock on December 31, 20X5, at underlying book value. The book values and fair values of

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Pie Corporation acquired 80 percent of Slice Company's common stock on December 31, 20X5, at underlying book value. The book values and fair values of Slice's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Slice. Slice provided the following trial balance data at December 31, 20x5: Credit Cash Accounts Receivable Inventory Buildings and Equipment (net) Cost of Goods Sold Depreciation Expense Other Operating Expenses Dividends Declared Accounts Payable Notes Payable Common Stock Retained Earnings Sales Total Debit $ 27,200 65,350 90,800 205,000 103,600 24,250 31,340 15,900 $ 33,680 119,000 95,400 126,500 188,860 $563,440 5563, 440 Required: a. How much did Ple pay to purchase its shares of Slice? (Round your answer to nearest whole dolar amount.) Purchase price b. If consolidated financial statements are prepared at December 31, 20x5, what amount will be assigned to the noncontrolling interest in the consolidated balance sheet? (Round your answer to nearest whole dollar amount.) Noncontrolling interest c. If Ple reported income of $144,750 from its separate operations for 20x5, what amount of consolidated net income will be reported for 20X5? Consolidated not income d. If Pie had purchased its ownership of Slice on January 1, 20X5, at underlying book value and Ple reported income of $144,750 from its separate operations for 20x5, what amount of consolidated net income would be reported for 20X5? Consolidated not income

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