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?

Quote:

---

Originally Posted by ciderman82

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?

---

Hi, ciderman82!

Are you looking for a direct answer to the question, or for someone to come along to teach you how to come up with the correct answer yourself, please?

If the former is true, please click on the following link to read the announcement there.

https://www.askmehelpdesk.com/financ...-b-u-font.html

Thanks!

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.