On May 1, 2021, Caprisun Inc acquired most of the outstanding shares of Cancer Co for cash. The incomplete working paper elimination entries on that date for the consolidated statement of financial position of Taurus Inc and its subsidiary are shown below: Stockholders' equity-Cancer 2,437,500 Investment in Cancer 1,584,375 Non-controlling interest 853,125 Inventories 62,500 Equipment 312,500 Patent 61,250 Goodwill ? Investment in Cancer 468,750 Non-controlling interest ? The purchase price of Caprisun Inc included a control premium of 68,750. What is the amount of goodwill to be reported in the consolidated statement of financial position on May 1, 2021 if the non-controlling interest is assumed to be measured at fair value.
On May 1, 2021, Caprisun Inc acquired most of the outstanding shares of Cancer Co for cash. The incomplete working paper elimination entries on that date for the consolidated
Investment in Cancer 1,584,375
Non-controlling interest 853,125
Inventories 62,500
Equipment 312,500
Patent 61,250
Investment in Cancer 468,750
Non-controlling interest ?
The purchase price of Caprisun Inc included a control premium of 68,750.
What is the amount of goodwill to be reported in the consolidated statement of financial position on May 1, 2021 if the non-controlling interest is assumed to be measured at fair value.
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