On January 1, 2014, Packaging International purchased 90% of Shipaway Corporation's outstanding shares for $135,000 when the fair value of Shipaway's net assets were equal to the book values. The balance sheets of Packaging and Shipaway Corporations at year-end 2013 are summarized as follows: If a consolidated balance sheet was prepared immediately after the business combination, the noncontrolling interest would be

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On January 1, 2014, Packaging International purchased 90% of Shipaway Corporation's outstanding shares for $135,000 when the fair value of Shipaway's net assets were equal to the book values. The balance sheets of Packaging and Shipaway Corporations at year-end 2013 are summarized as follows:  If a consolidated balance sheet was prepared immediately after the business combination, the noncontrolling interest would be

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The Answer of On January 1, 2014, Packaging International purchased 90% of Shipaway Corporation's outstanding shares for $135,000 when the fair value of Shipaway's net assets were equal to the book values. The balance sheets of Packaging and Shipaway Corporations at year-end 2013 are summarized as follows:  If a consolidated balance sheet was prepared immediately after the business combination, the noncontrolling interest would be

On January 1, 2014, Packaging International Purchased 90% of Shipaway