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Create consolidated balance sheet on january

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In addition to the assets identified above, Saltz owned a taxi licence in the City of Moose Jaw. This licence expires in nine years. The licences are selling in the open market at approximately $45,000. On January 1, Year 11, Percy Corp paid $200,000 in cash to acquire 8,000 (80%) of the common shares of Saltz Ltd. Saltz's shares were trading for $22 per share just after the acquisition by Percy.

Required:

Question 1: Prepare Consolidated balance sheet on January 1, Year 11. base the value of the non controlling interest on its market value. Show the allocation of the goodwill between the controlling and non-controlling interest.

Reference no: EM132480483

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