Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The noncontrolling interest shares of Float Corp. are not actively traded.What amount of goodwill should be attributed to the noncontrolling interest at the date of acquisition?
A. $20,000.
B. $30,000.
C. $100,000.
D. $120,000.
E. $0.
Answer: B
Business
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