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Summer Company holds assets with a fair value of $125,000 and a book value of $81.000 and liabilities with a book value and fair value

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Summer Company holds assets with a fair value of $125,000 and a book value of $81.000 and liabilities with a book value and fair value of $24,000 Required: Compute the following amounts if Parade Corporation acquires 65 percent ownership of Summer a. What amount did Parade pay for the shares if no goodwill and no gain on a bargain purchase are reported? Acquisition price b. What amount did Parade pay for the shares if the fair value of the noncontrolling interest at acquisition is $46,900 and goodwill of $33,000 is reported? Acquisition price c. What balance will be assigned to the noncontrolling interest in the consolidated balance sheet if Parade pays $81.250 to acquire its ownership and goodwill of $24,000 is reported? Balance assigned to noncontrolling interest

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