Use the following to answer questions: 
-(Table: Cherry Farm) Look at the table Cherry Farm. If the price is $4 per pound:
Definitions:
Excess Fair Value
The amount by which the fair value of an asset exceeds its carrying amount on the balance sheet.
Proportionate Book Value
Proportionate Book Value is the share of the book value of a company ascribed to a particular segment, usually in line with the percentage of ownership or interest.
Initial Value Method
An accounting approach where investments are recorded at their initial purchase cost without subsequent adjustment for market fluctuations.
Noncontrolling Interest
An ownership interest in a corporation or segment of a corporation that is less than a majority stake, often reflected as a minority interest in financial statements.
Q30: (Table: Cherry Farm) Look at the table
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