Perch co acquired 80 of the common stock of float corp for, Ask an Expert

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Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Float Corp. are not actively traded.What is the total amount of goodwill recognized at the date of acquisition?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950112

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