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Pie Corporation acquired 85 percent of Slice Company's common stock on December 31, 20KB, at underlying book value. The book values and fair values of

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Pie Corporation acquired 85 percent of Slice Company's common stock on December 31, 20KB, at underlying book value. The book values and fair values of Slice's assets and liabilities were equal, and the fair value ofthe noncontrolling interest was equal to 15 percent of the total book value of Slice. Slice provided the following trial balance data at December 31, 20x5: Debit Credit Cash 3} 25, see Accounts Receivable 65,358 Inventory 38,288 Buildings and Equipment (net) 287,688 Cost of Goods Sold 184,588 Depreciation Expense 24,388 Other Operating Expenses 30,828 Dividends Declared 14,388 Accounts Payable $ 33,688 Notes Payable 115,888 Common Stock 35,868 Retained Earnings 133,888 Sales 196,198 Total $553,323 $563,673 Required: a. How much did Pie pay to purchase its shares of Slice? [Round your answer to nearest whole dollar amount.) 9 Answer is complete but not entirely oorrect. $ 222,319 9 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 amounti 6 Answer is complete but not entirely correct. 5 39,321 0 c. if Pie reported income of $144,750 from its separate operations for 20:45, what amount of consolidated net income will be reported for 20x5? 0 Answer is complete and correct. ' $ 14:1,?50 0 d. If Pie had purchased its ownership of Slice on January 1, 20x5, at underiying book value and Pie reported income of $144,750 from its separate operations for 20x5, what amount of consolidated net income would be reported for 20x5? | 6 Answer is complete but not entirely correct. 5 203.1% a

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