In 20X8, Spark Filter spent $100,000 to produce additional filters, which it sold to Plug for$150,000.
On January 1, 20X8, Plug's inventory contained filters purchased for $60,000 from Spark Filter, which had produced the filters for$40,000. Summarized trial balance data for the two companies as of December 31, 20X8, are as follows: At that date, the fair value of the non-controlling interest was equal to 20 percent of the book value of Spark Filter. Plug Products owns 80 percent of the stock of Spark Filter Company, which it acquired at underlying book value on August 30, 20X6.
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