Business, 30.10.2021 01:00 vjackie101ov3kju

on january 1, 2020, quickport company acquired 90 percent of the outstanding voting stock of netspeed, inc., for $1,026,000 in cash and stock options. at the acquisition date, netspeed had common stock of $1,080,000 and retained earnings of $54,000. the acquisition-date fair value of the 10 percent noncontrolling interest was $114,000. quickport attributed the $6,000 excess of netspeed's fair value over book value to a database with a five-year remaining life.

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on january 1, 2020, quickport company acquired 90 percent of the outstanding voting stock of netspee...

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