On January 1, 2016, Leo Company purchased 80 percent of Natalie Company’s capital stock for $584,000 in cash
On January 1, 2016, Leo Company purchased 80 percent of Natalie Company’s capital stock for $584,000 in cash and other assets. Natalie had a book value of $700,000 and the 20 percent noncontrolling interest fair value was $146,000 on that date. On January 1, 2015, Natalie had acquired 30 percent of Leo for $354,250. Leo’s […]