Equity in Net Income and Eliminating EntriesIntercompany Asset Transfers and Services On January 2, 2015, Pohang Company acquired 80 percent of Suro Corporation's voting common stock for $1.25 billion. The fair value of the noncontrolling interest at the date of acquisition was $300 million. The $50 million excess of acquisition cost and noncontrolling interest over the book value of Suro was attributed entirely to goodwill. Suro reported net income of $150 million and $200 million in 2015 and 2016, respectively, paying out 40 percent of each period's earnings in dividends. Pohang reports its investment in Suro using the complete equity method. There is no goodwill impairment in 2015 or 2016. I know Goodwill is 50,000- but why is it only attributed to the parent? Why not allocate it to both? Please help..