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

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Perch co. acquired 80% of the common stock of Float Corp. for 1600,000. The fair value of Float's net assets was 1,850000 and the book value was 1500000. The non controlling intrest shares of Float Corp. are not actively traded. What is the total amount on goodwill recognized at the date of acquisition?

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Category:- Accounting Basics
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