Book Value Market Value P60,000 Cash P60,000 130,000 Inventory Plant Assets (net) 210,000 630,000 580,000 200,000 40,000 Cost of Goods Sold Depreciation Expense Liabilities (250,000) (10,000) (450,000) (300,000) What is the amount of non-controlling interest on the acquisition date (250,000) Common Stock Retained Earnings Sales consolidated balance sheet?

Book Value Market Value P60,000 Cash P60,000 130,000 Inventory Plant Assets (net) 210,000 630,000 580,000 200,000 40,000 Cost of Goods Sold Depreciation Expense Liabilities (250,000) (10,000) (450,000) (300,000) What is the amount of non-controlling interest on the acquisition date (250,000) Common Stock Retained Earnings Sales consolidated balance sheet?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 9MC

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