Question 28 1 Point If the FV of land $70 and the BV $50, then the amortized amount is A $90 B None of the other answers. c) $20 $70 Question 29 1 Point If the parent company pays $4000 for an 80% interest, then minority (noncontrolling) interest is A $800 B) $5000 c) None of the other answers. D) $1000 Question 30 1 Point The balance sheet of an Egyptian Co. includes: inventory $10,000, accounts receivable $20,000, Cash $30,000, Equipment $40,000, Accounts payable $10,000, Notes payable $30,000, the current exchange rate $1=SR4, the average exchange rate $1=SR5, the historical exchange rate for inventory $1=5R3, the historical exchange rate for equipment $1=SR2, and the historical exchange rate for notes payable $1=SR6, then the equity using currentoncurrent method = A SR 100,000 B SR 240,000 C) SR 150,000 D None of the other answers. Question 31 1 Point Pop acquires 100% of Son for $400 in cash, the fair value of the net assets of Son is 420, the Capital stock and Retained earnings for Son is 200 and 160 respectively and the BV value for the equipment is 80 while the FV is 140, then Pop entry to record the investment is A None of the other answers. B Investment in stone credit 420, cash credit 400 and gain on bargain purchase 20. Investment in stone credit 400, Goodwill 20 and cash credit 420. D Investment in stone credit 420, and cash credit 420