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Sheet Compary reported the following net income and dividends for the years indicated Pillow Corporation acquined 75 percent of Sheers common stock on January 1,20x5
Sheet Compary reported the following net income and dividends for the years indicated Pillow Corporation acquined 75 percent of Sheers common stock on January 1,20x5 On that date, the fair value of Sbeet s net assets was equal to the book value. Pllow uses the equity method in accounting for its ownership in Sheet and reported a balance of $259,800 in as investment account on December 31,207 Required: Required: a. What amount did Pllow pay when it putchased Sbeet's shares? b. What was the far value of Sheets net assets on January 1, 20x5? c. What amount was assigned to the NCI shoreholders on January 1.20 25 ? d. What amount wil be assigned to the NCI sharcholders in the consoldated balance sheet prepared at December 31,207
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