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What amount of goodwill would be attributed to interest

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Question

Jones Co. acquired 80% of the common stock of Tree Co. for $2,000,000. The fair value of Tree Co. was $2,175,000 and the book value was $1,000,000. The non-controlling interest shares of Tree Co. are not actively traded.

What amount of Goodwill would be attributed to the non-controlling interest at the date of acquisition and what amount should be reported for Goodwill in a consolidated balance sheet at the date of acquisition?

Reference no: EM132381590

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