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Home / Questions / Perch Co. acquired 80% of the common stock of Float Corp. for 1,600,000. The fair value of...

Perch Co. acquired 80% of the common stock of Float Corp. for 1,600,000. The fair value of Float Corp. net assets was 1,850,000 and the book value was 1,500,000. The non controlling interest shares

Perch Co. acquired 80% of the common stock of Float Corp. for 1,600,000. The fair value of Float Corp. net assets was 1,850,000 and the book value was 1,500,000. The non controlling interest shares of Float Corp. are not actively traded.


What is the total amount of goodwill recognized at acquisition?
 
What is the dollar amount of noncontrolling interest that appears on the consolidated balance sheet at date of acquisition?
 
Please explain how you got to the answer

Aug 01 2021 View more View Less

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