Ace co acquired 60 of becker corp by paying 240000 cash

Reference no: EM13576359

Ace Co. acquired 60% of Becker Corp. by paying $240,000 cash. There is no active trading market for Becker Corp. At the time of the acquisition, the book value of Becker's net assets was $300,000.What amount should have been assigned to the non-controlling interest immediately after the combination?

Reference no: EM13576359

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