Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions

Question

Show that Tn and f have the same derivatives at up to order n.

Answered: 1 week ago

Question

Do I own something similar already?

Answered: 1 week ago

Question

Compare rational and nonrational decision making.

Answered: 1 week ago