NOONA NEOMU acquired 65% of YEPPO ’s voting ordinary shares for $468,000, $108, 000 above the net assets of YEPPO’s book value on January 2, 2023. The difference attributable to equipment is amortized over 10 years. What is the effect of the purchase difference on the 2025 net income attributable to owners of the parent?
NOONA NEOMU acquired 65% of YEPPO ’s voting ordinary shares for $468,000, $108, 000 above the net assets of YEPPO’s book value on January 2, 2023. The difference attributable to equipment is amortized over 10 years. What is the effect of the purchase difference on the 2025 net income attributable to owners of the parent?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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NOONA NEOMU acquired 65% of YEPPO ’s voting ordinary shares for $468,000, $108, 000 above the net assets of YEPPO’s book value on January 2, 2023. The difference attributable to equipment is amortized over 10 years. What is the effect of the purchase difference on the 2025 net income attributable to owners of the parent?
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