As of December 31, 2020, the separate company financial statements of Drao co and Its 80% owned subsidiary, Lesa Co, has a related balance with dividends as follows:                                                             Dividend 2020 Dividend payable December 31, 2020 Drao co CU600.000.000 CU300.000.000 Lesa Co CU400.000.000 CU100.000.000 Requested: 1, What is the dividend value that will appear in the consolidated Retained Earnings statement? 2, How much dividend payable will appear on the Consolidated Balance Sheet?

Q: nuary 5, 20x9, Parent Company acquired 80% of the outstand 000. The financial statements of Parent…

A: Consolidated Balance sheet P Assets Cash (300,000+125,000) 425,000 Receivables (100,000+30,000-…

Q: IRON MAN CORP. acquired 80% of RUST CORP.'s outstanding shares. The statements of financial position…

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

Q: company for 400000 JD. On 31/12/2019 S company reported net income 43000 JD and declared dividends…

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

Q: How much is the equity holders of parent (or controlling interest) – retained earnings on December…

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

Q: How much is the consolidated total equity on December 31?

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

Q: 1. How much will be the Non-controlling interest net income for 2020? 2. How much will be the…

A: Consolidated Statement: It is statement which present all income, expenses, assets and liability of…

Q: 2. Given below are the consolidated statements of financial position and the consolidated statement…

A: A cash flow statement is a financial statement that illustrates how much money entered and departed…

Q: 18 If RE on 1/1 for P is 170000 JD and for S is 100000 JD, consolidated net income is 58000 JD and…

A: Consolidation is a business process wherein two or more business entities are being merged into one…

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: Assets Parent Subsidiary Cash Accounts receivable, net Company P' 36,900 Company Р 37,400 34,200…

A: On 01.01., Parent company acquired subsidiary company = 90% Purchase consideration = 5400 shares @…

Q: What is the total amount of share premium to be reported by the surviving company? a. P1,000,000…

A: It is the difference between the issue price of a company's shares and their nominal value. It…

Q: What is the total non-controlling interest in net income of subsidiary (NCINI5) on Dec 31, 20x5?

A: As per our protocol, we provide the solution to the one question only but as you have asked two…

Q: Comparative income statements of Sub Corporation for the calendar years 2019, 2020, and 2021 are as…

A: The objective of the question is to calculate Pub's income from Sub for the years 2019, 2020, and…

Q: On January 1, 2022, Lucas Company acquired 85% of outstanding shares of Luna Corp. The consideration…

A: Solution Working note -   1- NCI beginning  750000 NCI income  534750 NCI share dividend…

Q: 1.  The profit attributable to equity holders of Power for 2019 is  2. The consolidated Net income…

A: Consolidated net income is the sum of income of parent and subsidiary. The income of parent is fully…

Q: ow much is the non-controlling interest in profit of Subsidiary Company on December 31, 2019?

A: Step 1 Non controlling interest is minority holding stake which is  the portion of equity ownership…

Q: How much is the Consolidated Net Income?

A: Answer: To compute the consolidated net income, we need to first eliminate the intercompany…

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: Selected information from the separate and consolidated statements of financial position and…

A: The percent of non-controlling interest ownership in S Company as of December 31, 2019.

Q: set out below are the draft income statements of Panc ts subsidiary S for the year ended 31 December…

A: As per question S is a subsidiary Company of P.  Hence the transaction betwee both Company will…

Q: On 1 July 2020, Sky Ltd acquired 70% of the share capital (ex. div.) of Jim Ltd for $500,000. At…

A: Part 2: ExplanationIn Step 1, we calculated the NCI share of Jim Ltd's equity on the acquisition…

Q: ly equal to their respective market values except the following as as follows: Invontorios (EICO…

A: Retained Earnings is cumulative of the net income amount. It is generated by the company's Profit…

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: Assume that Company A acquires 70 per cent of Company B for a cash price of $14 million when the…

A: Solution:- Preparation of the journal entries to record the non-controlling interest as follows…

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: House Plc owns 80% of the issued share capital of Window Plc and 25% of the issued share capital of…

A: Revenues are as follows: House Plc  = GH¢1,500,000Window Plc = GH¢1,000,000Door Plc = GH¢160,000

Q: The stockholder's equities of Parent Corporation and Subsidiary Corporation at July 1, 2020 were as…

A: Solution Given   Parent Subsidiary Capital stock 1500000 800000 Additional paid…

Q: White Bright Limited has three subsidiary Companies as on 31st March, 2018. Based upon the…

A: As per IFRS 10, Consolidated financial statements, when the company is owning controlling interest…

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…

Q: account balance. Assume that nt of downstream intra-entity profits against its share of Sheridan's…

A: The Investment in Sheridan account balance can be determined by considering the various transactions…

Q: Discuss the relevant accounting treatments Kof-Let Berhad acquired 20% and 55% of equity interests…

A: Consolidation is the process of accounting where the parent company reports the financial statement…

Q: ember 5, 2019, Soy Company, the 80%-owned subsidis of $1 a share on its 100,000 outstanding shares…

A: Journal entry A journal entry is a record of the business transactions within the accounting books…

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.