25-On 11/ 2019, R Co acquired 80% of F Co common stock for $172,000 in cash. At the acquisition date, the book values and fair value of assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20% of the total book value of F CO. The stockholders' equity accounts of the two companies at the acquisition date are RF common stock(5@par 500,000 100,000 additional paid in capital 300, 000 40,000 retained earning 350,000 75,000 Noncontrolling interest was assigned income of $5,500 in R consolidated income statement for 2019, Based on the preceding information. what amount will be assigned to the noncontrolling interest net assets on 1/1/2019, in the consolidated balance sheet? Select one: a. 25,000 b. 43,000 c. 22,000 d. 34,400

A-1

vnt

On 1 January 20X0 Alpha Co purchased 90,000 ordinary $1 shares in Beta Co for $270,000. At that date Beta Co's retained earnings amounted to $90,000 and the fair values of Beta Co's assets at acquisition were equal to their book values. Three years later, on 31 December 20X2, the statements of financial position of the two companies were:                                                                                              Alpha Co                               Beta Co                                                                                                    $                                          $ Sundry net assets                                                                230,000                                  260,000 Shares in Beto                                                                     180,000                                       -   Share capital  Ordinary shares of $1 each                                                  200,000…