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You were provided with the following fair values of Sub's assets and liabilities on the date of acquisition: Sub Inc (fair value) Cash $36,000 Accounts
You were provided with the following fair values of Sub's assets and liabilities on the date of acquisition:
Sub Inc (fair value) Cash $36,000 Accounts Receivable $43,000 Inventory $26,000 Plant and Equipment (net) $91,000 Trademark $15,000 Current Liabilities $50,000 Bonds Payable $17,000 Parent acquired 70% of Sub in a cash transaction with Sub's shareholders in the amount of $162,000.
Calculate the goodwill on the date of acquisition and Calculate the Non-controlling interest on the date of acquisition
You were provided with the following fair values of Sub's assets and liabilities on the date of acquisition: Parent acquired 70% of Sub in a cash transaction with Sub's shareholders in the amount of $162,000. Calculate the goodwill on the date of acquisition (4 marks) and Calculate the Non-controlling interest on the date of acquisition (1 mark)
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