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Summary Company holds assets with a fair value of $113,000 and a book value of $99,000 and liabilities with a book value and fair value
Summary Company holds assets with a fair value of $113,000 and a book value of $99,000 and liabilities with a book value and fair value of $29,000. What balance will be assigned to the noncontrolling interest in the consolidated balance sheet if Parade pays $74,200 to acquire its ownership and goodwill of $22,000 is reported?
Parade Corporation acquires 70 percent ownership in Summer Company.
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