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! VIUVING U diluuel queSLUIT Will Save u Spurse. Question 5 of 12 > >>...

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! VIUVING U diluuel queSLUIT Will Save u Spurse. Question 5 of 12 > >> First Question Question 5 8 points Save Answer On January 1, 2019, Parrison Co acquired 90% of Fatarr Company in exchange for $1,125,000 fair-value consideration. The total fair value of Fatarr Company was assessed at $1,200.000. Parrison computed annual excess fair-value amortization of $8,000 based on the difference between Fatarr's total fair value and its underlying book value. The subsidiary reported net income of $70,000 in 2019 and $90,000 in 2020 with dividend declarations of $30,000 each year. Apart from its investment in Fatarr, Parrison had net income of $220,000 in 2019 and $260.000 in 2020 a. What is the consolidated net income 2019? 2 marks b. What is the balance of the noncontrolling interest in Fatarrat December 31, 2020? 3.5 marks c. What is the net income in 2019 attributable to the noncontrolling interest? 2.5 marks For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt : ... C A

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