Tarpon Corp

question 42

Multiple Choice

Tarpon Corp.had the following long-term debt at December 31:

The debenture bonds amounted to

• A)$0.
• B)$150,000.
• C)$250,000.
• D)$400,000.

Recognize how the fair value of assets and liabilities affects consolidation.

Understand the implications of a bargain purchase in a business combination.

Know the differences in the treatment of non-controlling interests (NCI) under different consolidation methods.

Discern the impact of different consolidation approaches on the presentation of consolidated financial statements.