Perch Co. acquired 80% ofthe common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The noncontrolling interest shares of Float Corp. are not actively traded. 1) What is the total amount of goodwill recognized at the date of acquisition?
a) $150,000.
b) $250,000.
c) $0.
d) $120,000.
e) $170,000.
2. What amount of goodwill should be attributed to the non-controlling interest at the date of acquisition?
a) $0.
b) $20,000.
c) $30,000.
d) $100,000.
e) $120,000.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

The correct answer is step.