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A Company Had Common Stock with a Total Par Value

question 102

Multiple Choice

A company had common stock with a total par value of $18,000,000 and fair value of $62,000,000; and 7% preferred stock with a total par value of $6,000,000 and a fair value of $8,000,000.The book value of the company was $85,000,000.Assuming ninety percent (90%) of the company's total equity is acquired, what amount must be attributed to the noncontrolling interest?

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Definitions:

Task Behaviors

Actions focused on achieving goals, including planning, organizing, and directing activities related to task completion.

Relationship Behaviors

Actions taken by individuals that affect their interactions and dynamics with others, important in both personal and professional contexts.

Process Behaviors

Actions by a leader that focus on the how-to aspects of task completion, often involving support and facilitation of team dynamics.

Follower Behaviors

Refers to the actions and reactions of individuals who are led or influenced by leaders in an organizational or group setting.

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