Breakspear Co purchased 600,000 of the voting equity shares of Fleet Co when the value of the noncontrolling interest in Fleet Co is $150,000.

Q: On January 2, 2013, GOOD Corporation purchase 80% of BAD Company's outstanding shares for P648,000.…

A: A minority interest, also known as a non-controlling interest, is an ownership position in which a…

Q: On June 30, 2021, ZAYN Co. acquired 75,000 of LIAM Co.'s 100,000 outstanding shares with par value…

A: Non-controlling interest refers to ownership of less than 50% of a company's stock which having less…

Q: Witch acquired 70% of the 200,000 equity shares of Wizard, its only subsidiary, on 1 April 20X8 when…

A: We have the following information: Witch acquired 70% of the 200,000 equity shares of Wizard…

Q: SD acquired the net assets of both GM and SR. Paying cash in the amount of P185,000 and by issuing…

A: After the merger, the retained earnings of the acquired company become retained earnings of the…

Q: On January 2, 2020, Popsters Corporation purchased 80% of SG Corporation's ordinary shares for…

A: Business acquisition refers to when a corporation acquires majority or controlling stake in another…

Q: On January 1, BB Acquired 60 percent of the outstanding voting stock of SS for P260,000 cash…

A: In the consolidated balance sheet, the total assets are determined after adjusting depreciation on…

Q: On January 1, BB Acquired 60 percent of the outstanding voting stock of SS for P260,000 cash…

A: Consolidation is a process where income statement and balance sheet of BB (parent) and SS…

Q: On January 1, 20x1, ALLEVIATE Co. acquired 30,000 ordinary shares representing 30% interest in…

A: Introduction: If investor acquires between 20 to 50% of ordinary shares of the investee company, it…

Q: STI Co. acquired 55% of the outstanding shares of UE Inc on August 1, 2021 at a total cost of…

A: Non Controlling Interest For the calculation of non controlling interest the minority interest which…

Q: Crash acquired 70% of Hadsa's 100,000 Rs.1 ordinary shares for Rs.800,000 when the retained earnings…

A: Consolidated financial statements are the financial statements of a group consisting of multiple…

Q: Assume that the acquisition took place on January 1. What figures would appear in a consolidated…

A: Preparation of consolidated income statement are as follows:

Q: On January 1, Patterson Corporation acquired 80 percent of the 100,000 outstanding voting shares of…

A: As the question has more than 3 sub-parts, the first 3 subparts are answered. If you want the answer…

Q: Pederson Company acquires the net assets of Shelby Company by issuing 100,000 of its $1 par value…

A: Calculation of net identifiable assets is as follows: Resultant table: Calculation of value of…

Q: With a cash payment of $15 million and by issuing 500,000 shares of their own $1 par value common…

A: Shares issued in business acquisition: 500,000 shares @ $8 market value per share Common stock:…

Q: If CARDO Co purchases the net assets of SYANO Co by issuing 5,000 shares of their P10 par value…

A: Calculation of Consolidate Total Liabilities at the date of Acquisition:

Q: Plaza, Inc., acquires 80 percent of the outstanding common stock of Stanford Corporation on January…

A: Acquisition accounting is a set of formal guidelines which defines how assets liabilities,NCI and…

Q: Donut Inc. issued 20,000 common shares in exchange for all the outstanding shares of Munchkin Inc.…

A: Purchase consideration is the consideration paid or payable in cash or in-kind including in the form…

Q: At the beginning of the current year, FFF Company acquired 20% of the outstanding ordinary shares of…

A: Current Investment Current Investment should valued at lower of cost or NRV whichever is lower…

Q: On January 2, 2020, Popsters Corporation purchased 80% of SG Corporation's ordinary shares for…

A: The above mentioned question answer is given in the following steps for your reference.

Q: SD acquired the net assets of both GM and SR. Paying cash in the amount of P185,000 and by issuing…

A: Solution Calculation of purchase consideration paid by SD- Particulars To GM To SR Total Cash…

Q: SD acquired the net assets of both GM and SR. Paying cash in the amount of P185,000 and by issuing…

A: A merger refers to the business arrangement under which two existing companies form the new company.…

Q: On July 19, 2021, SUNOB acquired 60% of the outstanding shares of YSAE. The business combination…

A: When the fair value of the non-controlling interest is not given then for the purpose of computing…

Q: Lamberson Cookie Corporation purchased 40% of the 325,000 outstanding shares of HC's Fine Foods,…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

Q: Entity a acquired 80,000 out of 100,000 outstanding ordinary shares of entity b which enabled the…

A: a) Costs related to acquisition in a business combination need to be recognized as an expense and…

Q: What is the consolidated depreciation expense of equipment for the year ended December 31, 2010…

A: Depreciation expense is the portion of a fixed asset that is assumed to be used in the current…

Q: Gusion Company purchases 9,000 shares of Layla Company for P70 per share. Before acquisition, Layla…

A: Purchase price = 9000 * 750 = 675000

Q: An acquiring company pays $45 million in cash, and issues new no-par stock with a fair value of $75…

A: Introduction: Goodwill is recognized when the purchase price is more than the total fair value of…

Q: How much is the net income attributable to non-controlling interest? * O On January 2, 2020,…

A: The above mentioned question answer is given in the following steps for your reference.

Q: SD acquired the net assets of both GM and SR. Paying cash in the amount of P185,000 and by issuing…

A: Hence, option 3rd and 4th is correct

Q: Adora Inc. acquired one hundred percent of Alvah Co. on January 1, 2018, at a price in excess of the…

A: Solution Equipment is a non-current or long term asset account which report the cost of Equipment.…

Q: P Company purchased 80% of the outstanding common stock of S Company on January 2, 2011, for…

A: Consolidation is the process combining the parent’s financial statements with their subsidiary.

Q: On January 1, 20x1, Pine Corp acquired 75% interest in Sine Inc. for P2,400,000. On that date Sine…

A: Non-controlling interests, also known as minority interests, are ownership rights in which…

Q: How much goodwill resulted from Patterson’s acquisition of Soriano? What is the consolidated net…

A: 1. Goodwill resulted from Patterson’s acquisition of Soriano: Particulars Amount($) Fair…

Q: 100% of the equity share capital of the Duterte Co. was acquired by the Leni Inc. on July 30, 2021.…

A: goodwill under fair value method:- Goodwill=Consideration paid/% acquired-Fair value of assets

Q: Cacik acquired 80% of the 1 million issued £1 ordinary shares capital of Chaas on 1 April 20X1 for…

A: When an entity acquires voting interest of another entity by acquiring either partially or fully the…

Q: On January 2, 2021, ABC Co. acquired 80% of XYZ Co. ordinary shares for P810,000. An amount of…

A: The net consolidated profit to be reported by ABC Co. would be adjusted with the impairment loss,…

Q: Book Value P40,000 170,000 Market Value P40,000 230,000 700,000 Cash Inventory Plant Assets (net)…

A: The acquisition means that the parent company acquires the shares more than 50% of subsidiary…

Q: On January 1, Coldwater Company has a net book value of $2,174,000 as follows:Westmont Company…

A: Calculation of total fair value of Coldwater: Particulars Amount Consideration transferred for…

Q: On January 1, BB Acquired 60 percent of the outstanding voting stock of SS for P260,000 cash…

A: Consolidated financial statements are a set of financial statements prepared for a group company…

Q: If CARDO Co purchases the net assets of SYANO Co by issuing 5,000 shares of their P20 par value…

A: Given information, CARDO Co. purchased the Net Assets of SYANO Co. by issuing 5,000 Shares (par…

Q: ABC Corporation acquired 70 percent of XYZ Corporation on August 1 for P420,000. On that date, XYZ…

A:

Q: On January 1, Patterson Corporation acquired 80 percent of the 100,000 outstanding voting shares of…

A: SOLUTION- CONSOLIDATED BALANCE SHEET  IS MERE CONSOLIDATION OF FINANCIAL DETAILS OF ALL A SUBSIDIARY…

Q: Jasper Company acquired 80% of Fey Company at the beginning of the current year. Jasper paid…

A:

Q: Pencil Company purchases 80% of the outstanding shares of Eraser Company for P9,000,000. The…

A: Goodwill is the premium amount over the net assets of the entity. Goodwill as per partial method…

Q: P Co acquired 75% of the shares in S Co on 1 January 20X2 when the retained earnings of S Co stood…

A: A consolidated financial position statement is a key fiscal summary if there should be an occurrence…

Q: At the beginning of 2022, Sana Co. purchased 4,500 of the 10,000 outstanding stock of Mina Co. This…

A: Significant influence is a condition which arises when an entity purchase or acquire 20% to 50% of…

Q: On January 1, 2010, Ayala Corporation acquired 80% of ordinary shares of Globe Company at fair value…

A: Depreciation expense is the portion of a fixed asset that is assumed to be used in the current…

Q: Hello Corp. acquired 80% of outstanding shares of Piknik Inc. the stock acquisition resulted to a…

A: The control premium is the excess paid by a buyer over the market price of a…

Q: Grafton Co. purchased 2,000 of the 10,000 outstanding voting shares of Prince Ltd. on January 2,…

A:

Q: Parker, Inc., acquires 70 percent of Sawyer Company for $420,000. The remaining 30 percent of…

A: Definition:   Consolidated financial statements: These financial statements are consolidated…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.