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Q: When a parent company uses the equity method to account for investments, the controlling interest in consolidated net income includes all of the following except:
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User: When a parent company uses the equity method to account for investments, the controlling interest in consolidated net income includes all of the following except:

User: 6. Rohan Corporation holds assets with a fair value of $150,000 and a book value of $125,000 and liabilities with a book value and fair value of $50,000. What balance will be assigned to the noncontrolling interest in the consolidated balance sheet if Helms Company pays $90,000 to acquire 75 percent ownership in Rohan and goodwill of $20,000 is reported? (Points : 1)

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Asked 3/25/2013 3:16:24 PM
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