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. 1) What is the total amount of goodwill recognized at the date of acquisition?
a) $150,000
b) $250,000
c) $0
d) $120,000
e) $170,000
2. What amount of goodwill should be attributed to the non-controlling interest at the date of acquisition?
a) $0
b) $20,000
c) $30,000
d) $100,000
e) $120,000

1. a) $150,000

2. c) $30,000

Explanation:

1) Goodwill of Controlling Interest = Purchase price - (FMV of Net Asset * % ownership)  

= $1,600,000 - ( $1,850,000 * 80%)

= $120,000

Total amount of goodwill recognized at the date of acquisition = Goodwill of Controlling Interest / %ownership

= $120,000 / 80%

= $150,000

2. Amount of goodwill to be attributed to the non-controlling interest at the date of acquisition = Total amount of goodwill recognized at the date of acquisition - Goodwill of Controlling Interest  

= $150,000 - $120,000

= $30,000

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; bootstrapping is your answer;