Final answer:
The total valuation of the company is $1,052,000, and the value attributed to the non-controlling interest, which is the remaining 24%, is calculated to be $252,480.
Step-by-step explanation:
If a company purchases 76% of another company for $799,520, we can calculate the total valuation of the company by using the proportion that the 76% represents. To find out the full 100% value, we have the following equation:
76% of total value = $799,520
Therefore, to find the total value (100%), we divide $799,520 by 76 and then multiply by 100:
Total valuation of the company = ($799,520 / 76) × 100
Calculating this gives us the total valuation of the company then:
Total valuation = $1,052,000
The non-controlling interest is the remaining 24% of the company, which has not been acquired. To calculate this, we take 24% of the total valuation:
Value attributed to non-controlling interest = 24% of $1,052,000
Calculating this gives:
Value attributed to non-controlling interest = $252,480
Therefore, the total valuation of the company is $1,052,000 and the value attributed to the non-controlling interest is $252,480.