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Business, 07.10.2019 20:30 kayranicole1

On april 1, pujols, inc., exchanges $606,000 fair-value consideration for 70 percent of the outstanding stock of ramirez corporation. the remaining 30 percent of the outstanding shares continued to trade at a collective fair value of $219,700. ramirez’s identifiable assets and liabilities each had book values that equaled their fair values on april 1 for a net total of $670,000. during the remainder of the year, ramirez generates revenues of $660,000 and expenses of $379,000 and declared no dividends. on a december 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?

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On april 1, pujols, inc., exchanges $606,000 fair-value consideration for 70 percent of the outstand...
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