Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Jul 2017 My Price 12.00

common stock of Sleep Company

Pillow Company is purchasing an 80% interest in the common stock of Sleep Company.

Sleep’s balance sheet amounts at book and fair value are as follows:

 

Book

Fair

Account

Value

Value

 

Current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 

$ 200,000

 

$ 250,000

Fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

350,000

800,000

Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(200,000)

(200,000)

 

 

What will be the amount of the noncontrolling interest in the consolidated balance sheet, and how will it be displayed in the consolidated balance sheet

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Jul 2017 11:07 AM My Price 12.00

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