On January 1, Beckman, Inc., acquires 60 percent of the
outstanding stock of Calvin for $48,960. Calvin Co. has one
recorded asset, a specialized production machine with a book value
of $19,900 and no liabilities. The fair value of the machine is
$68,400, and the remaining useful life is estimated to be 10 years.
Any remaining excess fair value is attributable to an unrecorded
process trade secret with an estimated future life of 4 years.
Calvin’s total acquisition date fair value is $81,600.

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Question: On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $48,960. …
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At the end of
the year, Calvin reports the following in its financial
statements:

  

  Revenues $ 58,050   Machine $ 17,910   Common stock $ 10,000
  Expenses 22,050   Other assets 23,090   Retained earnings 31,000
    Net income $ 36,000      Total assets $ 41,000     Total equity $ 41,000
  Dividends paid $ 5,000

Determine the amounts that Beckman should report in its year-end
consolidated financial statements for noncontrolling interest in
subsidiary income, noncontrolling interest, Calvin’s machine (net
of accumulated depreciation), and the process trade secret.

What is the noncontrolling interest and subsidary income????

Total non controlling interest?????

Calvin’s Machine (net accumliated deprecation)

Process trade secret????

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