25 - On 11/2019, R Co acquired 80% of F Co common stock for $172,000 in cash. At the acquisition date,the book values and fair value of assets and liabilities were equal, and the fair value of the noncontrollinginterest was equal to 20% of the total book value of F CO. The stockholders' equity accounts of the twocompanies at the acquisition date are RF common stock(5@par 500,000 100,000 additional paid in capital300,000 40,000 retained earning 350, 000 75,000 Noncontrolling interest was assigned income of $5, 500 inR consolidated income statement for 2019, Based on the preceding information. what amount will beassigned to the noncontrolling interest net assets on 1/1/2019, in the consolidated balance sheet? Selectone: a. 25,000 b. 43,000 c. 22,000 d. 34, 400

The total stockholders' equity in the consolidated Balance Sheet will include the total…

Answered: 25 - On 11/2019, R Co acquired 80% of F…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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