To account for the subsidiary after the acquisition, each of the following may be used by the parent EXCEPT

Multiple Choice Equity method

Initial value method

Present value method

Partial equity method

2. On April 1, Pujols, Inc., exchanges $567,000 for 70 percent of the outstanding stock of Ramirez Corporation. The remaining 30 percent of the outstanding shares continued to trade at a collective fair value of $213,900. Ramirezs identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $650,000. During the remainder of the year, Ramirez generates revenues of $748,000 and expenses of $430,000 and declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?