Since 1995, Starbucks Corporation had owned a 39.5 percent equity interest in Starbucks Coffee Japan Ltd. ("Starbucks Japan"). lts joint venture partner, Sazaby League of Japan also owned a 39.5 percent equity interest in Starbucks Japan. The remaining 21 percent equity interest was held by public share holders and option holders. On October 31, 2014, Starbucks acquired all of Sazaby League's shares of Starbucks Coffee Japan, bringing Starbucks' total ownership to 79 percent. Starbucks paid Sazaby $508.7 million for the additional percent ownership. Later in 2014, Starbucks acquired the remaining 21 percent of Starbucks Coffee Japan. Access Starbucks' 2015 10-K annual report and answer the following: What amount did Starbucks estimate for the October 31, 2014, acquisition-date fair value of star bucks Japan? (Hint: include the acquisition-date estimated fair value of the remaining 21 percent noncontrolling interest in Starbucks Japan total fair value.)
Since 1995, Starbucks Corporation had owned a 39.5 percent equity interest in Starbucks Coffee Japan Ltd. ("Starbucks Japan"). lts joint venture partner, Sazaby League of Japan also owned a 39.5 percent equity interest in Starbucks Japan. The remaining 21 percent equity interest was held by public share holders and option holders.
On October 31, 2014, Starbucks acquired all of Sazaby League's shares of Starbucks Coffee Japan, bringing Starbucks' total ownership to 79 percent. Starbucks paid Sazaby $508.7 million for the additional percent ownership. Later in 2014, Starbucks acquired the remaining 21 percent of Starbucks Coffee Japan. Access Starbucks' 2015 10-K annual report and answer the following:
What amount did Starbucks estimate for the October 31, 2014, acquisition-date fair value of star bucks Japan? (Hint: include the acquisition-date estimated fair value of the remaining 21 percent noncontrolling interest in Starbucks Japan total fair value.)
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