What is the goodwill arising from the consolidation, if the 100,000, P50 par value shares of the subsidiary are currently selling at 90/share?
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Q: Assume that Company A acquires 70 per cent of Company B for a cash price of $14 million when the…
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Q: what is the Goodwill?as well as the amount of the Consolidated Total Assets,Total Liabilities , and…
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- Cardo co purchases the net assets of allana co by issuing 50000 shares of their 20 par value shares with a fair value of 40 per share , pays 100000 cash, and payin direct and indirect cost of 75000 and 50000 respectively, determine the total amount of assets to be reported by Cardo Co. after the acquisitionParent Company acquired 15% of Subsidiary Company’s common stock for P500,000 cash and carried the investment using the cost method. A few months later, Parent purchased another 60% of Subsidiary’s stock for P2,160,000. At that date, Subsidiary had identifiable assets of P3,900,000 and a fair value of P5,100,000, and had liabilities with a book value and fair value of P1,900,000. The fair value of the 25% non-controlling interest is P900,000.The amount of goodwill to be recognized resulting from this combination: A. 400,000 B. 84,000 C. 100,000 D. 300,000Parent Company acquired 15% of Subsidiary Company’s common stock for P500,000 cash and carried the investment using the cost method. A few months later, Parent purchased another 60% of Subsidiary’s stock for P2,160,000. At that date, Subsidiary had identifiable assets of P3,900,000 and a fair value of P5,100,000, and had liabilities with a book value and fair value of P1,900,000. The fair value of the 25% non-controlling interest is P900,000.The amount of goodwill to be recognized resulting from this combination:
- Plymouth Corporation purchased 60% of South Sudan Company paying $49,200 cash. The fair value of the NonControlling Interest (NCI) was $32.800 on that date. At the date of acquisition, the Balance Sheet of South Sudan had $20,000 listed for Common Stock and $37,000 for Retained Earnings. At the date of acquisition, the book value of the net assets equaled the fair value of the net assets, except that Inventory was worth $10,000 more than book value and Patents were worth $15,000 more than book value. Also, at the date of acquisition South Sudan had an Accounts Payable of $10.000 owed to Plymouth. Plymouth would need to make which Elimination/Consolidation Entry at the date of acquisition in order to prepare consolidated financial statements, O Debit Investment in South Sudan for $34,200 and NCI in Net Assets of South Sudan for 522,800 and Credit Cash for $57,000 O Debit Cash for $57,000 and Credit Investment in South Sudan for $34.200 and NCI in Net Assets of South Sudan for $22,800…ABC Corporation acquired 70 percent of XYZ Corporation on August 1 for P420,000. On that date, XYZ Corporation had the following book values and market values. What is the amount of purchase differential recognized on the acquisition date consolidated balance sheet with respect to plant assets. *In good accounting form, please. Thank you!STI Co. acquired 55% of the outstanding shares of UE Inc on August 1, 2021 at a total cost of P5,005,000. At acquisition date, UE's ordinary shares and retained earnings amounted to P200,000 and P4,800,000. All assets and liabilities fair values equal to their book values except for the patent which had a fair value of P1,800,000 and a book value of P400,000. The patents have a remaining life of 5 years. For 2021, UE had the following earnings and dividends: Net Income Jan - July = 500,000 Aug - Dec = 1,100,000 Dividends Paid Jan - July = 1,100,000 Aug - Dec = 1,200,000 What is the net income attributable to the noncontrolling interest?
- Calendar Company purchases 80 percent of Daily Planner. At the date of acquisition, Daily Planner has revenue of P250,000 and expenses of P170,000. What amount of pre-acquisition earnings will be created on the consolidated income statement at the acquisition date?1. S acquired 100 percent of F for P275,000. At the date of acquisition, F had the following book and market values: (see image below) What is the amount of the “Investment in F” account on S’s financial records at the acquisition date?Amazon acquired 100 percent of Ferries for P275,000. At the date of acquisition, Ferries had the following book and market values: (see information below) C purchases 80 percent of D. At the date of acquisition, D has revenue of P250,000 and expenses of P170,000. What amount of pre-acquisition earnings will be created on the consolidated income statement at the acquisition date? Book value Market value Cash and Receivables 90,000 90,000 Inventory 100,000 100,000 Plant assets (net) 220,000 300,000 Current liabilities (45,000) (45,000) Long-term debt (114,000) (114,000) Common stock (10,000) Retained earnings (170,000)
- Graham Limited acquired 90% of the share capital and reserves of Terry Limited for $170,000. Share capital was $ 100 000 and reserves amounted to $62 000. All assets and liabilities were recorded at fair value except equipment which was recorded at $30 000 below fair value. The company tax rate was 30%. The partial goodwill method is adopted by the group. The NCI share of equity at the date of acquisition was: Question 7Select one: a. $17 000 b. $19 200 c. $ 16 200 d. $18 30On August 1, ABC Corporation acquired 80 percent of XYZ Corporation for P560,000. XYZ Corporation had the following book and market values at acquisition date. In good accounting form, please. Thank you! <33Maynard Corporation reports net assets of P300,000 at book value. These assets have an estimated market value of P350,000. Jim Corporation buys 80% ownership of Maynard for P300,000; there is a control premium of P10,000 included in the purchase price. Of the Goodwill reported in the consolidated balance sheet (as of date of acquisition), how much is attributable to noncontrolling interest if NCI is measured at proportionate share?