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What will be the amount of the noncontrolling interest

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Reference no: EM131197239

Pillow Company is purchasing an 80% interest in the common stock of Sleep Company.

Sleep's balance sheet amounts at book and fair value are as follows:

Book

Fair

Account

Value

Value

Current assets

$ 200,000

$ 250,000

Fixed assets

350,000

800,000

Liabilities

(200,000)

(200,000)

What will be the amount of the noncontrolling interest in the consolidated balance sheet, and how will it be displayed in the consolidated balance sheet?

Reference no: EM131197239

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