Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 25 Not yet answered Marked out of 1.00 Flag question on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the
Question 25 Not yet answered Marked out of 1.00 Flag question on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the same day the y net assets was $ 140,000 in the same date the fair value of assets and liabilities were equal .year ended 31/12/2019 Y reported income $50,000, declared dividend $30,000,X using equity methods what is non controlling interest in net assets balance on 31/12/2019 Select one: a. 4,000 b. 37,500 c. 41,500 d. 10,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started