X corporation acquires 60% of the voting common stocks of Y corporation by issuing 10000 common stocks with $1 par value and $20 fair market value. The net assets of combinee at the fair market value is 300000 (no business combination costs).The minority interest is --- O a. 125000 O b. 125500 O c. 126000 Od. 120000

X corporation acquires 60% of the voting common stocks of Y corporation by issuing 10000 common stocks with $1 par value and $20 fair market value. The net assets of combinee at the fair market value is 300000 (no business combination costs).The minority interest is --- O a. 125000 O b. 125500 O c. 126000 Od. 120000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter20: Corporations: Distributions In Complete Liquidation And An Overview Of Reorganizations

Section: Chapter Questions

Problem 1BCRQ

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