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Unformatted text preview: Advanced Accounting Ninth Edition by Hoyle/Schaefer/Doupnik Key Figures in Selected Problems (Check figures for multiple choice questions not provided.) CHAPTER 4 P4-20: (a) 2010 Consolidated Net Income = $342,000 (b) Noncontrolling Interest 12/31/10 = $83,400 P4-21: (a) Soriano’s total acquisition-date fair value = $3,100,000 (d) Goodwill = $200,000 (e) Consolidated Net Income = $1,615,000 (f) Noncontrolling Interest 12/31/09 = $667,000 P4-22: (a) Goodwill = $14,000 Consolidated Net Income = $469,000 Controlling Interest in Consolidated Net Income = $418,300 (b) Consolidated Net Income = $426,750 Controlling Interest in Consolidated Net Income = $388,725 P4-23: (a) Noncontrolling Interest in Consolidated Net Income = $9,400 (b) End-of-year Noncontrolling Interest = $31,400 P4-24: (b) Gain on Revaluation to Fair Value = $13,250 (c) Goodwill = $65,000 (d) Noncontrolling Interest at 12/31 = $40,750 P4-25: (a) Equity Income from Sold Shares of Santana = $7,950 (b) Book value of investment being sold = $159,950...
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- Spring '10
- Accounting, Generally Accepted Accounting Principles, Noncontrolling Interest, consolidated net income, consolidated Retained Earnings