On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition-date fair value of $65,000. On January 1, Suarez possessed equipment (5-year life) that was undervalued on its books by $25,000. Suarez also had developed several secret formulas that Jarel assessed at $50,000. These formulas, although not recorded on Suarez’s financial records, were estimated to have a 20-year future life. As of December 31, the financial statements appeared as follows:Jarel Suarez Revenues $ (300,000 ) $ (200,000 ) Cost of goods sold 140,000 80,000 Expenses 20,000 10,000 Net income $ (140,000 ) $ (110,000 ) Retained earnings, 1/1 $ (300,000 ) $ (150,000 ) Net income (140,000 ) (110,000 ) Dividends declared 0 0 Retained earnings, 12/31 $ (440,000 ) $ (260,000 ) Cash and receivables $ 210,000 $ 90,000 Inventory 150,000 110,000 Investment in Suarez 260,000 0 Equipment (net) 440,000 300,000 Total assets $ 1,060,000 $ 500,000 Liabilities $ (420,000 ) $ (140,000 ) Common sWhat is the consolidated total of noncontrolling interest appearing on the balance sheet?$85,500.$70,500.$83,100.$87,0 00.

$85,500

Step-by-step Explanation:

Step 1

Non-controlling interest of book value of net assets (January 1)

= Common stock (Jan 1) + Retained earnings (Jan 1)

= ($100,000 + $150,000) x 20%

= $50,000

Step 2

Fair value of net assets (Jan 1)

= Cash paid for 80% stock + Fair value of remaining 20% stock

= $260,000 + $65,000

= $325,000

Non-controlling portion of excess of assets' fair value over book value

= (Fair value - Book value) x 20%

= ($325,000 - $250,000) x 20%

= $15,000

Step 3

Amortization expense

= Amortization of undervalued equipment + Amortization on secret formulas

= ($25,000 / 5) + ($50,000 / 20)

= $7,500

Non-controlling portion of net income after adjusting for amortization

= ($110,000 - $7,500) x 20%

= $20,500

Step 4

Consolidated total of non-controlling interest

= $50,000 + $15,000 + $20,500

= $85,500

answer; ///i believe the correct   answer is (e) transformational;

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.