Solved: Yob corporation purchased 80 of yoe corporation how should, Accounting Basics

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Yob corporation purchased 80 of yoe corporation how should

Question - Yob Corporation purchased 80% of Yoe Corporation. Yob's portion of goodwill is $80,000 and they are trying to determine how much goodwill should be included on the consolidated balance sheet. How should the shareholders ownership (other than Yob) be included on the consolidated financial statements?

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Accounting Basics: Yob corporation purchased 80 of yoe corporation how should

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