On January 1,2023, French Company acquired 60 percent of K-Tech Company for $324,000 when K-Tech's...
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On January French Company acquired percent of KTech Company for $ when KTech's book value was $ The fair value of the newly comprised percent noncontrolling interest was assessed at $ At the acquisition dat KTech's trademark year rembining life was undervalued in its financial records by $ Also, patented technology year remaining life was undervalued by $ In KTech reports $ net income and declares no dividends. At the end of the two companies report the following figures stockholders equity accounts have been omitted: Note: Parentheses indicate a credit balance. Required: o Compute the consolidated net income before allocation to the controlling and noncontrolling interests. b In assuming KTech has declared no dividends, compute the noncontroling interest's share of the subsidiary's income and the ending balance of the noncontrolling interest in the subsidiary. c Compute the amount reported for trademarks in the consolidated balance sheet. 
On January French Company acquired percent of KTech Company for $ when KTech's book value was
$ The fair value of the newly comprised percent noncontrolling interest was assessed at $ At the acquisition dat
KTech's trademark year rembining life was undervalued in its financial records by $ Also, patented technology year
remaining life was undervalued by $
In KTech reports $ net income and declares no dividends. At the end of the two companies report the following
figures stockholders equity accounts have been omitted:
Note: Parentheses indicate a credit balance.
Required:
o Compute the consolidated net income before allocation to the controlling and noncontrolling interests.
b In assuming KTech has declared no dividends, compute the noncontroling interest's share of the subsidiary's income and
the ending balance of the noncontrolling interest in the subsidiary.
c Compute the amount reported for trademarks in the consolidated balance sheet.
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