On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $45,780. Calvin Co. has one recorded asset, a specialized production machine with a book value of $13,400 and no liabilities. The fair value of the machine is $64,900, and the remaining useful life is estimated to be 10 years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of 4 years. Calvin's total acquisition date fair value is $76,300.
At the end of the year, Calvin reports the following in its financial statements:
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Revenues
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$
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64,050
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Machine
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$
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12,060
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Common stock
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$
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10,000
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Expenses
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26,550
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Other assets
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30,440
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Retained earnings
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32,500
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Net income
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$
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37,500
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Total assets
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$
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42,500
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Total equity
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$
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42,500
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Dividends paid
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$
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5,000
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Determine the amounts that Beckman should report in its year-end consolidated financial statements for non-controlling interest in subsidiary income, noncontrolling interest, Calvin's machine (net of accumulated depreciation), and the process trade secret