截屏2022-12-03 下午5

PROBLEM VII On July 1, 2019, Eya Company acquired 700,000 shares of Agas Company at a price of P13 per share. Eya estimated that the price paid include P1.50 premium in order to gain control over Agas. On this date, the fair values of Agas' identifiable assets and liabilities and their carrying values are given below: Book Value P2,000,000 9,000,000 P3,000,000 5,000,000 3,000,000 Fair Value P2,000,000 11,000,000 Current assets Property, plant and equipment Liabilities Ordinary shares, P5 par Retained earnings 1. Determine the amount of goodwill.

EXCEL CASE 1 Page 152 СРА skills On January 1, 2020, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair- value consideration. ChipTech's fair value was allocated among its net assets as follows: $670,000 Fair value of consideration transferred for ChipTech Book value of ChipTech: Common stock and Additional Paid-In Capital (APIC) Retained earnings $130,000 370,000 500,000 Excess fair value over book value to 170,000 Trademark (10-year remaining life) $ 40,000 Existing technology (5-year remaining life) 80,000 120,000 Goodwill $ 50,000

Problem 1Parekoy Company acquires 150,000 of the 1,000,000 Marekoy Company’s common stock for P500,000 cash and carries the investment as a financial asset. A few months later, Parekoypurchases another 600,000 of Marekoy Company’s stock for P2,160,000. At that date, Marekoy Company reports identifiable assets with a book value of P3,900,000 and a fair value of P5,100,000, and it has liabilities with a book value and fair value of P1,900,000. The fair value of the non-controlling interest in Marekoy Company is P900,000. 1. Goodwill arising on consolidation is to be valued on the proportionate basis or “Partial” Goodwill a. P 84,000b. P100,000c. P300,000d. P400,000  2. Non-controlling interest arising on consolidation is to be valued on the proportionate basis or “Partial” Goodwill:a. P300,000b. P500,000c. P800,000d. P900,000 3. Goodwill arising on consolidation is to be valued on the full (fair value) basis or “Full/Grossup” Goodwill:a. P 84,000b. P100,000c. P300,000d. P400,000

Problem 1Parekoy Company acquires 150,000 of the 1,000,000 Marekoy Company’s common stock for P500,000 cash and carries the investment as a financial asset. A few months later, Parekoypurchases another 600,000 of Marekoy Company’s stock for P2,160,000. At that date, Marekoy Company reports identifiable assets with a book value of P3,900,000 and a fair value of P5,100,000, and it has liabilities with a book value and fair value of P1,900,000. The fair value of the non-controlling interest in Marekoy Company is P900,000.  1.Non-controlling interest arising on consolidation is to be valued on the full (fair value) basis or “Full/Gross-up” Goodwill:a. P300,000b. P500,000c. P800,000d. P900,0002. The remeasurement gain or loss to be recognized to profit and loss account if the 15% ownership is a FVTPL (fair value through profit and loss)when the additional shares are acquired:a. Zerob. P40,000 gainc. P40,000 lossd. P68,000 loss3. The remeasurement gain or loss to be recognized to profit or…

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O Quiz: BSA 3203 BBF - Midterm O x A ue.instructure.com/courses/24511/quizzes/128777/take/questions/2083785 =S O Problem 5 On January 1, 2021, Pe Inc. purchased Ra Corp. for P1,500,000 for 100% ownership of its common stocks. An P80,000 excess was identified in the purchase price, which was attributable to an equipment with a net book value of P400,000 and remaining useful life of 8 years as of date. On December 31, 2022, the equipment identified at acquisition date that was attributed to the excess was sold to an unrelated party for P400,00O. How much gain from the sale of equipment must be reported in the consolidated income statement of Pe and Ra? 11:52 AM O Type here to search 33°C Light rain A ENG 29/03/2022

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Please avoid solution in an image format thanku   On January 1, 2016, Hyde Corporation purchased bonds with a face value of $300,000 for $308,373.53. The bonds are due June 30, 2019, carry a 13% stated interest rate, and were purchased to yield 12%. Interest is payable semiannually on June 30 and December 31. On March 31, 2017, in contemplation of a major acquisition, the company sold one-half the bonds for $159,500 including accrued interest; the remainder were held until maturity. Required:   Prepare the journal entries to record the purchase of the bonds, each interest payment, the partial sale of the investment on March 31, 2017, and the retirement of the bond issue on June 30, 2019.

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Bl 69% i 4:18 pm SAR Co paid P110,000 for the net assets of Ken Corp. At the time of the acquisition,the attached photo are informatiom available related to Ken Corp's balance sheet. What is the amount of gain or loss on disposal of a business should Ken Corp. recognize? Same problem with the previous SAR Co. * Book Value Fair Value P 50,000 100, 000 50,000 30, 000 Current Assets P50,000 Building Equipment Liabilities 80,000 40,000 30, 000 Gain of 30,000 Gain of 60,000 Loss of 30,000 O Loss of 60,000

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Current Attempt in Progress Blossom Company purchased 80 Rinehart Company 8%, 10-year, $1,000 bonds on January 1, 2022, for $80,000. The bonds pay interest annually on January 1. On January 1, 2023, after receipt of interest, Blossom Company sold 50 of the bonds for $48,000. Prepare the journal entries to record the transactions described above. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)

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L2-4 Awe Company pays CU500,000,000 for a 30% interest in Groy Company on July 1, 19x2 when the book value of Groy Company's net assets equals fair value. Awe Company amortizes any goodwill from this investment over 20 years. Information related to Groy Company is as follows:   31 Desember 19x1 31 Desember 19x2 Share capital, nominal IDR 1,000 Rp600.000.000 Rp600.000.000 Retained earning 400.000.000 500.000.000 Total Shareholders' Equity 1.000.000.000 1.100.000.000 Net profit earned during the year 19x2   200.000.000 Dividend for the year 19x2 (paid on March 1 of Rp. 50,000,000 and September 1 of Rp. 50,000,000)   100.000.000 Required: calculate Awe Company's revenue from Groy Company for the year 19x2

Problem 1-16 Humility Inc. acquired 70% interest of Forgiveness Company, a printing business. The sale and purchase agreement specify the amount payable as: Cash of P12 million to be paid on acquisition date, and b. Additional 2,000 shares of its P100 par value ordinary shares to be issued after two (2) years if specified product receives the target market share. The fair value of Forgiveness Company's net assets is P11 million and estimated fair value of the contingent consideration is P300,000. NCI is measured using the proportionate method. Required 1. Assuming the target was met and shares was issued to the former shareholders of Forgiveness, the estimated fair value of contingent consideration is P400,000, how much goodwill will be presented in the consolidated financial statements two years after the acquisition? 2. Journal entry in the books of Humility Inc. (a) on the date of business combination and (b) on the issuance of 2,000 shares, in relation to #1. 3. Assuming the target…

Project Scenario   Pecos Company acquired 100 percent of Suaro’s outstanding stock for $1,450,000 cash on January 1, 2017, when Suaro had the following balance sheet:   At the acquisition date, the fair values of each identifiable asset and liability that differed from book value were as follows: Land $ 80,000   Brand name 60,000   (indefinite life—unrecognized on Suaro’s books) Software 415,000   (2-year estimated remaining useful life) In-process R&D 300,000       Additional Information       Although at acquisition date Pecos expected future benefits from Suaro’s in-process research and development (R&D), by the end of 2017 it became clear that the research project was a failure with no future economic benefits.       During 2017, Suaro earns $75,000 and pays no dividends.       Selected amounts from Pecos and Suaro’s separate financial statements at December 31, 2018, are presented in the consolidated information worksheet. All consolidated worksheets are to be prepared as…

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