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on june 30, 2021, plaster, inc., paid $812,000 for 80 percent of stucco company's outstanding stock. plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $203,000. at acquisition date, stucco reported the following book values for its assets and liabilities:

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anshumanaryan799

Stucco reported the following book values for its assets and liabilities at 92800.

Decrease in accounts receivable = (320800+112700) - 429900 = 3600

Increase in Inventory = (367700+180000) - 637800 = -90100

Decrease in accounts payable = (70800+31100) - 94700 = 7200

Purchase of Stucco Company assets = Cash paid - cash in stucco books

= 812000 - 53300 = 758700

Dividend paid = Dividend paid by Plaster + 20% of dividend paid by

Stucco = 84000 + 8800 = 92800.

The property you buy is a long-term asset that you can grow in value over the time you enjoy it. The cost of the property is spread out over time rather than one time. On the other hand, the mortgage for the property is a liability in your books. A mortgage loan is a long-term debt you owe to a lender.

Learn more about assets here: https://brainly.com/question/25746199

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