View Full Version : Perch Co. Acquired 80% of the common stock of Float Corp. For $1,600,000. The fair ma
ciderman82
Apr 23, 2010, 09:13 AM
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair market value of Float's net assets was $1,850,000, and the book value was $1,500,000. What amount of Goodwill should have been recognized according to the Economic Unit Concept?
Clough
Apr 23, 2010, 12:59 PM
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair market value of Float's net assets was $1,850,000, and the book value was $1,500,000. What amount of Goodwill should have been recognized according to the Economic Unit Concept?
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biomap
Oct 5, 2010, 03:27 PM
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net
assets was $1,850,000, and the book value was $1,500,000. The noncontrolling interest shares of Float
Corp. are not actively traded.