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Question 1 Not yet answered Marked out of 1.00 Flag question Time left 1:14:48 On February 28, 2020, Alpha Corporation acquired 92% of the
Question 1 Not yet answered Marked out of 1.00 Flag question Time left 1:14:48 On February 28, 2020, Alpha Corporation acquired 92% of the outstanding common stock of Bita Company for $800,000 cash. Out-of-pocket costs of the business combination paid by Alpha on February 28, 2020, were in the form of Finder's and legal fees relating to business combination $60,000 and Costs associated with SEC registration statement $40,000,only the fair value of other assets less than its carrying amount by $30,000, net assets of Bita $750,000. The amount of minority interest is: a. $64,000. O b. $57,600. O c. $ 52,992. d. $ 68,800. Next page
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