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    ciderman82's Avatar
    ciderman82 Posts: 1, Reputation: 1
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    #1

    Apr 23, 2010, 09:13 AM
    Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair ma
    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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    Clough Posts: 26,677, Reputation: 1649
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    #2

    Apr 23, 2010, 12:59 PM
    Quote Originally Posted by ciderman82 View Post
    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!
    biomap's Avatar
    biomap Posts: 1, Reputation: 1
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    #3

    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.
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