Post Delivery Service acquired at book value 80 percent of the voting shares of Script...
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Post Delivery Service acquired at book value 80 percent of the voting shares of Script Real Estate CompanyOn that date, the fair value of the noncontrolling interest was equal to 20 percent of Script's book value. Script Real Estate reported common stock of $340,000 and retained earnings of $115,000 During 20X3Post Delivery provided courier services for Script Real Estate in the amount of $24,000. Also during 20X3, Script Real Estate purchased land for $3,000 sold the land to Post Delivery
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