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Pizza Corporation acquired 75 percent of Slice Corporations voting common stock on January 1, 20X4, for $353,000, when the fair value of its net identifiable

Pizza Corporation acquired 75 percent of Slice Corporations voting common stock on January 1, 20X4, for $353,000, when the fair value of its net identifiable assets was $464,000 and the fair value of the noncontrolling interest was $111,000. Slice reported common stock outstanding of $110,000 and retained earnings of $230,000. The excess of fair value over book value of Slices net assets was attributed to amortizable assets with a remaining life of 10 years. On December 31, 20X4, Slice sold a building to Pizza and recorded a gain of $21,000. Income assigned to the noncontrolling shareholders in the 20X4 consolidated income statement was $17,500.

A.Reported income of Slice $115,300 selected answer incorrect I CANT GET THIS ANSWER

B Compute the amount reported as consolidated net income if Pizza reported operating income of $241,000 for 20X4.

Consolidated net income I CANT GET THIS ANSWER

C, Compute the amount of income assigned to the controlling interest in the 20X4 consolidated income statement.

Income assigned to controlling interest I CANT GET THIS ANSWER

I cant get the right calculations on these help please

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