Fair value of controlling interest ($70 x 9,000 shares) . . . . . . . . . . . . . . . . . $630,000
fair value of noncontrolling interest ($70 x 1,000 shares) . . . . . . . . . . . . . . 70,000
Total fair value of Strong Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $700,000