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I an L e TR s S A U e AT b EL - <) £yegl.. &8 How To Make Hom... % Your Student Budg... @ GrantMe MG B 1 Human Developm.. @ Guidance - Grade 1... ".' Chapter 4 Quiz Question 31 (1 point) v Saved =[] On August 1, Y5, HensallCompany acquired 70 percent of the common shares of Wingham Company for $700,000. On that date, the fair value of Wingham's identifiable net assets was $600,000 and the carrying amount of its shareholders' equity was $500,000. Assume that the acquisition method, identifiable net assets method will be used to prepare consolidated financial statements. What amount of non-controlling interest should be reported on the consolidated balance sheet on the date of acquisition? O $600,000 (D $200,000 @ $300,000 Previous Page Page 31 of 40 e to search B ¢ U @ § & & 8 &