Question
The equity accounts of S Company total $6,000,000. P Company purchases 80% of S for $6,400,000 on 1/1/X8. S Companys net assets at fair values
The equity accounts of S Company total $6,000,000.
P Company purchases 80% of S for $6,400,000 on 1/1/X8.
S Companys net assets at fair values equal book values.
What is the amount of noncontrolling interests?
$200,000
$800,000
$1,600,000
$1,800,000
$2,000,000
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The Principles And Practice Of Auditing
Authors: George Puttick, Sandra Van Esch
7th Edition
0702137723, 978-0702137723
