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Polypipe Company acquired 80% of Svedex Company's voting stock for $95,000 in cash. The noncontrolling interest had an estimated fair value of $20,000. Some of
Polypipe Company acquired 80% of Svedex Company's voting stock for $95,000 in cash. The noncontrolling interest had an estimated fair value of $20,000. Some of Svedex's identifiable assets and liabilities at the date of acquisition had fair values that were different from reported values, as follows: Property, net Licensing agreements Svedex's total shareholders' equity at the date of acquisition was as follows: Capital stock Retained deficit Treasury stock Total Goodwill allocated to the noncontrolling interest in Svedex is Select one: OA $0 O B. $13,790 OC$14,690 OD.$10,690 Book Value $6,000 Fair Value $4,000 1,000 25,000 $5,000 (400) (50) $4,550
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