Required:

a$)$ Prepare Parteger's consolidated SFP at the date of acquisition $($December $31,20$X$5),$

assuming that Parteger elects to use the INA approach to value the NCI.

b$)$ Prepare Parteger's consolidated SFP at the date of acquisition $($December $31,20$X$5),$

assuming that Parteger elects to use the FVE method to value the NCI.

c$)$ Parteger's CFO would like you to prepare an explanation on the difference between the

INA and FVE approach to present to the Audit Committee. This should include what the

difference is$,$ how this will affect the balances in the financial statements and a

recommendation on which method to adopt. Make sure that you provide a rational for

your choice.

Trying to compare my work and understand this better, so if you could explain as many steps as possible would be nice.