Pie Corporation acquired percent of Slice Company's ownership on January times for $ At that date, the fair value of the
noncontrolling interest was $ The book value of Slice's net assets at acquisition was $ The book values and fair values
of Slice's assets and liabilities were equal, except for Slice's buildings and equipment, which were worth $ more than book
value. Accumulated depreciation on the buildings and equipment was $ on the acquisition date. Buildings and equipment are
depreciated on a year basis.
Although goodwill is not amortized, the management of Pie concluded at December X that goodwill from its purchase of Slice
shares had been impaired and the correct carrying amount was $ Goodwill and goodwill impairment were assigned
proportionately to the controlling and noncontrolling shareholders. No additional impairment occurred in X
Trial balance data for Pie and Slice on December X are as follows:
Required:
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
