What portion of value be assigned to noncontrilling interest, Accounting Basics

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What portion of value be assigned to noncontrilling interest

A company had common stock with a total par value of $18,000,000 and fair value of $62,000,000; and 7% preferred stock with a total par value of $6,000,000 and a fair value of $8,000,000. The book value of the company was $85,000,000. If 90% of this company's total equity was acquired by another, what portion of the value would be assigned to the noncontrolling interest?

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Accounting Basics: What portion of value be assigned to noncontrilling interest

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Accounting Basics: What portion of value be assigned to noncontrilling interest

Reference No:- TGS067306

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Preparing a cash budget for company

Q : Budgeted purchases of pounds of raw material

Q : Responsible for developing sales estimates

Q : What is adjusted book value of jones after sale of shares

Q : What portion of value be assigned to noncontrilling interest

Q : Limitations of accounting information systems

Q : Prepaid transportation costs related problem

Q : What is the dollar amount of the purchase of suits

Q : Result of current and past credit sales

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What portion of value be assigned to noncontrilling interest

Reference No:- TGS067306

Recent Questions Asked Accounting Basics

Q : Preparing a cash budget for company

Q : Budgeted purchases of pounds of raw material

Q : Responsible for developing sales estimates

Q : What is adjusted book value of jones after sale of shares

Q : What portion of value be assigned to noncontrilling interest

Q : Limitations of accounting information systems

Q : Prepaid transportation costs related problem

Q : What is the dollar amount of the purchase of suits

Q : Result of current and past credit sales

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