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Question 6 Not yet answered Marked out of 100 p Flag question if you know that Cyprus Company acquired 90 percent of the outstanding shares

Question 6 Not yet answered Marked out of 100 p Flag question if you know that Cyprus Company acquired 90 percent of the outstanding shares of Star Company by paying $400,000 in cash. The fair value of star identifiable assets is $320,000, and the abilities is $40,000. Determine the amount of goodi will gain on bargain purchase assume that NonControlling Interest Measured at Fair value) dif we BIE 22 3 NO

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