In the December 31, 2011, consolidated balance sheet, non-controlling interest on a full-fair value basis should be reported at

Q: On January 1, 2020, Mickey Mouse Co. acquired 30,000 ordinary shares out of the 100,000 outstanding…

A: Here in this question, we are required to calculate implied goodwill from acquisition. When acquirer…

Q: On January 2, 2020, P Company purchased 80% of the outstanding shares of S Company by paying…

A: The net income attributable to the shareholders of the parent entity is determined by deducting the…

Q: How much is the consolidated retained earnings attributable to controlling interest in 2018? Share…

A: The consolidated financial statement may be defined as the year-end financial statement prepared by…

Q: Haynes, Inc., obtained 100 percent of Turner Company’s common stock on January 1, 2017, by issuing…

A: As posted multiple sub parts questions we are answering only first three sub parts only kindly…

Q: On January 1, year 1, ABC Corporation purchased 80% of XYZ Corporation's P10 par common stock for…

A: Goodwill refers to excess of value of investment over the fair value of net assets of subsidiary…

Q: Haynes, Inc., obtained 100 percent of Turner Company’s common stock on January 1, 2017, by issuing…

A: We are authorized to do first three sub parts only , please re-post the further sub parts 1)…

Q: On January 1, 2021, Jimin Co. acquired 30,000 ordinary shares out of the 100,000 outstanding shares…

A: Associate company is the company where a company acquire 20-50% of the equity share capital of…

Q: On January 1, 2022, Bumili Co. purchased 10,000 shares of Nabili, Inc. for P1,000,000. Commission…

A: Unrealized Gain on Investment: In accounting, an unrealized gain is a rise in the value of an asset…

Q: On January 1, 2022, Bumili Co. purchased 10,000 shares of Nabili, Inc. for P1,000,000. Commission…

A: Unrealized Gain on Investment: In accounting, an unrealized gain is a rise in the value of an asset…

Q: On January 1, 2017, Stream Company acquired 30 percent of the outstanding voting shares of Q-Video,…

A: Given information is: On January 1, 2017, Stream Company acquired 30 percent of the outstanding…

Q: On January 1, 2022, Bumili Co. purchased 10,000 shares of Nabili, Inc. for P1,000,000. Commission…

A: In the books of Bumili Co. , On 1st January, 2022 : Purchase (10,000 shares) = P1,000,000 I.e Share…

Q: Allapacan Company bought 20% of Amulung Corporation’s ordinary shares on January 1, 2009 for…

A: Formula: Total investment income = Total dividends paid x  percentage of stake

Q: On January 1, 2022, P Corp. purchased 80% of S Co.'s P10 par ordinary shares for P986,000. On this…

A: P Corp bought 80 percent of S Corp's stock. It signifies that the remaining 20% of the shares have a…

Q: On February 28, 2022, P Corp. purchased 80% of S Co's P10 par ordinary shares for P986,000. On this…

A: Given information, Net income =P354,000 Dividends=P112,000 Inventory overvalued =P15,000 Increase in…

Q: On January 1, year 1, ABC Corporation purchased 80% of XYZ Corporation's P10 par common stock for…

A: Goodwill refers to excess of value of investment over the fair value of net assets of subsidiary…

Q: On January 1, 2018, Sledge had common stock of $120,000 and retained earnings of $260,000. During…

A:

Q: Haynes, Inc., obtained 100 percent of Turner Company’s common stock on January 1, 2017, by issuing…

A: 1.

Q: On January 1, 2020, P Corp. purchased 80% of S Co.'s P10 par ordinary shares for 1. P986,000. On…

A: As per the answer guideline, question no. 1 is solved. P Corp purchased 80% of S corp shares. It…

Q: On January 1, 2017, Stream Company acquired 30 percent of the outstanding voting shares of Q-Video,…

A: Equity method: Equity method is the method used for accounting equity investments which claim a…

Q: Haynes, Inc., obtained 100 percent of Turner Company’s common stock on January 1, 2017, by issuing…

A:

Q: On January 1, 2017, Mona, Inc., acquired 80 percent of Lisa Company’s common stock as well as 60…

A: “Since you have posted a question with multiple sub-parts, we will solve mentioned three sub-parts…

Q: ALPHA CORP. bought 40% of BETA INC.'s outstanding ordinary shares on January 2, 2015, for…

A: Incorporate investment are typically categorized under GAAP IN 3 Category:- investment in financial…

Q: On March 1, 2017, Mindoro Company purchased 40% of the outstanding ordinary shares of Garapal…

A: Fair value of investment is the price of the asset on which buyer is interested to purchase and…

Q: On January 1, 2008, Pedestal Company purchased 80% of the outstanding shares of Starlet

A: Working :-                       Net income of Starlet Co for 2008  :  P 100,000…

Q: On January 1, 2013, the Moody Company entered into a transaction for 100% of the outstanding common…

A: Following assets are deemed to undervalued: Inventory: $280 + $10 = $290 Land: $360 + $40 = $400…

Q: On January 1, 2022, Padme Corporation acquired another 18,000 common shares of Skywalker Company for…

A: Journla entry is the part of book keeping.

Q: On January 1, 2021, merma Corp. purchased 80% of the outstanding shares of sand Co. at a cost of…

A: Consolidated net income is associated with parent companies and their subsidiaries. A parent company…

Q: On January 1, 2015, Port Company acquires 8,000 shares of Solvo Company by issuing 10,000 of its…

A:

Q: On January 1, 2020, Mickey Mouse Co. acquired 30,000 ordinary shares out of the 100,000 outstanding…

A: Holding % = No. of shares acquired / total no. of shares = 30000 / 100000 = 30%

Q: On January 1, 2020, Mickey Mouse Co. acquired 30,000 ordinary shares out of the 100,000 outstanding…

A: Holding % = No. of shares acquired / total no. of shares = 30000 / 100000 = 30%

Q: Power Corporation purchased a 70% interest in Star Company on January 1, 2013 for P140,000, when…

A: Purchase price of 70% interest in Star Company on January 1, 2013 P1,40,000 Fair value of Company…

Q: On January 1, 2020, HULK CORP. acquired 70% of outstanding ordinary shares of HALL INC. at a price…

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

Q: On February 28, 2022, P Corp. purchased 80% of S Co.’s P10 par ordinary shares for P986,000.  On…

A: Solution Non-controlling asset is an ownership position wherein a shareholder owns less than 50% of…

Q: On May 1, 2021, P Corp. purchased 75% of S Co.’s P10 par ordinary shares for P990,000. On this date,…

A: Solution Goodwill is an intangible asset. It is generated by having good name , reputation in the…

Q: On May 1, 2021, P Corp. purchased 75% of S Co.’s P10 par ordinary shares for P990,000. On this date,…

A: Non-controlling interest: Non controlling interest is the share of ownership of subsidiary company.…

Q: Haynes, Inc., obtained 100 percent of Turner Company’s common stock on January 1, 2017, by issuing…

A: D) If initial value methods applies Computation of overstated / understated retained earning…

Q: January 1, 20x4, Payne Corp. purchased 70% of Shayne Corp.’s P10 par common stock for P900,000. On…

A: The non controlling interest is calculated as follows

Q: On August 1, 2020, Whispering Corporation purchased 20% of the outstanding voting shares in WLT…

A:

Q: On January 1, 2011, Pat Corporation paid $400,000 for purchase of Sad Corporatic stockholders'…

A: Goodwill is an intangible asset associated with the purchase of one company by another. Goodwill is…

Q: On January 1, 2020, Mickey Mouse Co. acquired 30,000 ordinary shares out of the 100,000 outstanding…

A: The carrying amount of investment is adjusted by the cost of acquisition followed by payment of cash…

Q: On January 1, year 1, ABC Corporation purchased 80% of XYZ Corporation's P10 par common stock for…

A: The question is related to Business Combination. The details are as under  ABC Corporation Share in…

Q: Haynes, Inc., obtained 100 percent of Turner Company’s common stock on January 1, 2020, by issuing…

A: A business combination is a transaction in which a buyer takes over control of another company (the…

Q: On January 1, 2016, Ronald Company purchased 40% of the outstanding ordinary shares of New Company,…

A: Stake percentage of company R in company N = 40%  Net income reported by N = ₱5,000,000 Dividend…

Q: Perke Corporation purchased 80% of the stock of Superstition Company for $1,970,000 on January 1,…

A: Net Income is that income is that income which income a businessman gets after deducting all the…

Q: Haynes, Inc., obtained 100 percent of Turner Company’s common stock on January 1, 2017, by issuing…

A:

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.