P 12-13 equity method | Accounting homework help
P 12-13 Equity Method On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common shares. Miller’s CEO became a member of Marlon’s board of directors during first quarter of 2011. The carrying amount of Marlon’s net assets was 66 million. Miller estimated the fair value of those net assets to be the same […]
