A Co., Ltd. Acquired B Co.,Ltd. Notes payable of A Co., Ltd OMR 100,000 & B Co., Ltd  OMR 200,000; Creditors A Co., Ltd. OMR 50,000 & B Co., Ltd OMR 50,000. Common Stock A Co., Ltd OMR 150,000 and B Co., Ltd OMR 250,000 and Contributed Capital A Co., Ltd OMR 300,000 & B Co., Ltd OMR 250,000. Prepare a consolidated liabilities & stockholder equity at the date of acquisition. Select one: a. OMR 400,000 b. OMR 1,850,000 c. OMR 1,350,000 d. OMR 850,000

Q: Investor company acquired a 40% interest in an associate for P3,000,000. In the financial period…

A: Solution: Balance in investor's account of shares in associates = Cost of investment + share in…

Q: H Ltd S Ltd H Ltd SLtd Cash Other current 200 20 Account Payable 300 40 aset 500 40 Bank loan 400 20…

A: H ltd acquired 80% of shares of S ltd Calculation of net assets as on date of acquisition:…

Q: Pure Company purchased 70% of the ordinary shares of Gold Company on January 1, Year 6, for $484,800…

A: Combine the individual assets and liabilities and equity accounts:Consolidated Statement of…

Q: In ABC's December 31, year 1 consolidated balance sheet, what amount should be reported as total…

A: Acquisition accounting is a part of accounting that contains certain guidelines regarding how the…

Q: Company P acquired 80% of the outstanding common stock of the Company S by issuing common stock with…

A: Cashflow is prepared to track cash inflows and outflows of a company. So basically cashflow is…

Q: On 1-4-2018 A Ltd and B Ltd were amalgamated into C Ltd based on the following balance sheet. A Ltd…

A: A balance sheet is a financial statement that reports a company's assets, liabilities, and…

Q: On January 5, 20x9, Parent Company acquired 80% of the outstanding shares of Subsidiary Company for…

A: On 05.01.20x9, Parent company acquired outstanding shares of Subsidiary company = 80% Purchase…

Q: For the year ended December 31, the following results were given:…

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

Q: on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the same day the y net assets was $…

A: Goodwill can be defined as a form of intangible asset which represents the difference between the…

Q: Parent Company buys Sub Company. Sub Company has the following book and fair market values for their…

A: A company can acquire any other company by paying cash or issuing shares and if the amount of…

Q: For the year ended December 31, the following results were given:…

A: For year ended 31.12., Net income of parent company = P30200 Dividend paid = P15000 Net income after…

Q: The Profit attributable to equity holders of parent (Parent’s Interests/Controlling Interest in…

A: On 01.01.20x0, P company purchased outstanding shares of S company = 80% Purchase consideration =…

Q: For the year ended December 31, the following results were given:…

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

Q: etermine the amount of goodwill (or bargain purchase) arising out of the acquisition if the purchase…

A: Partnership: This is the form of business entity which is formed by an agreement, owned and managed…

Q: Using the proportionate basis or partial goodwill method, compute the consolidated retained earnings…

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

Q: The company sold assets previously revalued by 150 through revaluation reserve. dt asset 150 ct…

A: Journal entry is the entry that records the financial transactions initially. The transactions are…

Q: What is the Consolidated/Group Net Income for 20x1, considering the intercompany transactions

A: The amount of net income computed and recorded by the parent company, as the part of combined income…