Summer Company holds assets with a fair value of $120,000 and a book value of $87,000 and liabilities with a book value and fair value of $24,000.

Required:
Compute the following amounts if Parade Corporation acquires 80 percent ownership of Summer:

a. What amount did Parade pay for the shares if no goodwill and no gain on a bargain purchase are reported?
b. What amount did Brad pay for the shares if the fair value of the non-controlling interest at acquisition is S54,000 and goodwill of S40,000 is reported?
c. What balance will be assigned to the non-controlling interest in the consolidated balance sheet if Brad pays S73,200 to acquire its ownership and goodwill of S27,000 is reported?

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

yes the correct answer was

b.the increased supply will create a surplus.