Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when star inc. acquired 80% of the common stock of

When Star Inc. acquired 80% of the common stock of Moon Corp., Moon owned land...

90.2K

Verified Solution

Question

Accounting

When Star Inc. acquired 80% of the common stock of Moon Corp., Moon owned land with a book value of $75,000 and a fair value of $125,000.

What is the amount of excess land allocation attributed to the controlling interest at the acquisition date?

$60,000.

$12,500.

$40,000.

$0.

$50,000

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

Statistics
1.2K views

Evaluating Reports MC The line plot below shows the number of pets owned by 25...

Basic Math
1.2K views

Test for symmetry and graph the polar equation r 6 6 sin 0 a Is...

Accounting
1.2K views

Spencer Duck (SSSN 000-22-111) is single and his eight year old son, Mitch, lives with him...

Medical Sciences
1.2K views

Why does ventricular volume drop after ventricular pressure reaches its peak? Can you correlate anything to...

Calculus
1.2K views

Find the difference quotient f(x+h)-f(x)/h, where h ? 0, for the function below.f(x) = 4x...

Algebra
1.2K views

Write an equation any form for the quadratic graphed below 6 5 4 2 6...

Accounting
1.2K views

Green Pastures golf course is planning for the coming season. Investors would like to earn...

Accounting
1.2K views

Required information Use the following information to answer...

Accounting
1.2K views

Fortner Manufacturing has a cash balance of $9,000 on August 1 of the current year....

Accounting
1.2K views

John receives 8 $ for every hour worked in a PSS Manufacturing company is an...

Accounting
1.2K views

All of the following are important reasons to keep good records of a shareholder's basis...

Finance
1.2K views

. Western Auto Inc. is expected to pay a dividend of $1.00 at the end...