Business
Business, 22.02.2022 21:00, aa010002

American Corporation acquired 70% of the stock of California Corporation for $1,510,000 cash. On the date of acquisition, California Corporation had assets (other than goodwill) with a fair value of $2,500,000 and liabilities with a fair value of $300,000. What is the value of the non-controlling interest that American Corporation should report on the consolidated financial statements on the date of acquisition

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American Corporation acquired 70% of the stock of California Corporation for $1,510,000 cash. On the...

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