Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 20x1. par inc acquires 78.09% of sub

On January 1, 20X1. Par Inc acquires 78.09% of Sub Corp for $145,161 in cash....

90.2K

Verified Solution

Question

Accounting

image
image
On January 1, 20X1. Par Inc acquires 78.09% of Sub Corp for $145,161 in cash. Immediately before the acquisition, the book value of Sub's identifiable net assets was $98,386 with a fair value of $110,484, while the book value of Par's net assets was 5193,547. What will be the amount of non-controlling interest (NCI) on the consolidated balance sheet immediately after the acquisition it the identifiable-net-assets (INA) method is used? O a. $26,628 O b. $24,207 Oc$25,417 O d. $24.812 O e. $26,023 On December 31, 20X1. Par Inc reported total assets of $860,203, while Sub Corp reported total assets of $171,991. The fair values of Sub's assets and liabilities on the same date were $214,421 and $49,313 respectively. On the morning of January 1, 20X2. Par agreed to acquire 86.25% of Sub for a total value of $258,053 by issuing its own common shares as consideration. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity under the fair-value-enterprise (FVE) method? O a $1,329,579 O b. $1,238,926 Oc. $1,299,361 O d. $1,269,143 e $1,208,708

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students