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What amount should have been assigned to the interest

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Reference no: EM131796543

Question - Alonzo Co. acquired 60% of Beazley Corp. by paying $240,000 cash. There is no active trading market for Beazley Corp. At the time of the acquisition, the book value of Beazley's net assets was $300,000.

Required: What amount should have been assigned to the non-controlling interest immediately after the combination?

Reference no: EM131796543

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