32. Bartholomew Corporation acquired 80 percent of the outstanding shares of Samson Company in Year 1 by paying $5,500,000 in cash. The fair value of Samson’s identifi able net assets is $5,000,000. Bartholomew uses the propor-tionate share of the acquired fi rm’s net assets approach to measure noncontrol-ling interest. Samson is a separate cash-generating unit. At the end of Year 1, Bartholomew compiles the following information for Samson:Amount at which the shares of Samson could be sold . . . . . . . . . . . . . . .$5,000,000Costs that would be incurred to sell the shares of Samson . . . . . . . . . . . .$ 200,000Present value of future cash fl ows from continuing to control Samson . . .$4,750,000 Required: At what amount should Samson’s identifi able net assets and goodwill from the acquisition of Samson be reported on Bartholomew’s consolidated balance sheet at the end of Year 1?
