Multiple Choice
Assuming that Parent Inc. purchased 80% of Sub's voting shares on the date of acquisition (August 1, 2018) for $180,000, what would be the amount of the Non-Controlling Interest (NCI) on the date of acquisition if the Entity Method were used?
A) $26,000
B) $38,000
C) $45,000
D) $104,000
Correct Answer:
Verified
Correct Answer:
Verified
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