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Summer Company holds assets with a fair value of $ 1 2 0 , 0 0 0 and a book value of $ 9 0
Summer Company holds assets with a fair value of $ and a book value of $ and liabilities with a book value and fair value of $
Required:
Compute the following amounts if Parade Corporation acquires percent ownership of Summer:
What amount did Parade pay for the shares if no goodwill and no gain on a bargain purchase are reported?
What amount did Parade pay for the shares if the fair value of the noncontrolling interest at acquisition is $ and goodwill of $ is reported?
What balance will be assigned to the noncontrolling interest in the consolidated balance sheet if Parade pays $ to acquire its ownership and goodwill of $ is reported?
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