Compute for the consolidated net identifiable asset after the acquisition.

Q: On January 1, 2021, XYZ Corp. acquires 100% interest in ABC Corp. in exchange for XYZ's 10,000…

A: Contingent Consideration - The consideration paid by the Acquirer to the Acquiree in exchange for…

Q: (iii) Pau Bhd, a public company, purchases a 60% interest of another company, Pol Sdn Bhd, on 1…

A:

Q: . Regine, Inc. owns 500 ordinary shares of Velasquez Company which has several hundred thousand…

A: Right refers to a privilege given to existing shareholders to purchase additional shares of a…

Q: luxco acquires participation on Aprin 1, 2012 for 1000000. This investment is financed by (a) share…

A: The objective of the question is to prepare the journal entries for the acquisition of participation…

Q: On January 1,2020, Red Bull Corporation issued 10,000 share appreciation rights to its selected…

A: Share appreciation rights are rights given to shareholders that is related with cash equivalent of a…

Q: Great Ltd owns all of the share capital of Barrier Ltd. The income tax rate is 30%. The following…

A: A journal is the company's official book which is also called books of original entry or primary…

Q: During the year 2021, David Company purchased 1,000 shares of Goliath Company ordinary shares at…

A: The calculation of holding gain that should David report in equity on December 31 is shown hereunder…

Q: On May 5, 2021, Eblue Corporation exchanged 40,000 shares of its P25 par value treasury ordinary…

A: Number of shares exchanged = 40,000 The fair market value of shares at the time of exchange = P25…

Q: On January 1, 2021, PUP CAF acquired a 10% interest in an investee for P3,000,000. The investment…

A: Working note : 1 Computation of Net Investment Income    $ Share in net income (8000,000 x…

Q: On January 1 2021,NOP acquires 100% interest in QRS in exchange for NOP’s 10,000 shares with par…

A: The calculation of purchase consideration value is as follows: Value of Purchase…

Q: TOOLAD Company agreed agreed to pay P850,000 cash and issue 50,000 shares of its P10 par (20 current…

A: Step 1 In business combination, when the number of shares is issued, they are generally issued   at…

Q: On January 1, 2020, DEF Company purchased equity securities for P18,000,000. The entity paid the…

A: The fair value change on the financial instrument that is measured at FVOCI is an unrealized…

Q: TOOLAD Company agreed agreed to pay P850,000 cash and issue 50,000 shares of its P10 par (20 current…

A: A business combination occurs when an entity acquires control over an organization. Generally, the…

Q: n January 1, 2020, Marin Co. purchased 25,000 shares (a 10% interest) in Elton John Corp. for…

A: An investment is a type of asset that is produced with the goal of allowing money to grow. One, you…

Q: On 1 October 2019 A-Star Co acquired 15 million of B-Star Co's 50 million shares in exchange for 40…

A: This question deals with the investment in associates. Entity is called to be an associate of of…

Q: PLease show the complete solution. Thank you Mashiho Company acquires 18% of Junkyu Company’s stock…

A: There are two ways of determining goodwill at the time of the acquisitions.

Q: Good Company purchased  a franchise on July 1, 2021 for the following considerations:  The company…

A: Cost of franchise would the the fair value of share issued and present value of payment for note…

Q: purchased 2,000 shares of Potter Wholesale for $35 per share. Based on the percentage of outstanding…

A: The realised gain or loss is the difference between the Fair Value of Stock and Sale Value of Stock…

Q: H Company acquires 100% of the voting stock of R Company on January 1, 2021 for P400,000 cash.  A…

A: Under the acquisition method, contingent consideration obligations are recognized as part of the…

Q: During 2020, Tanso purchased 20,000 shares of Ginto common stock for P315,000 as an equity…

A: Equity investment is the form of investment in the shares of the company to get returns in the form…

Q: H Company acquires 100% of the voting stock of R Company on January 1, 2021 for P400,000 cash. A…

A: Given that, Cash paid by H company = P400,000  Contingent consideration = P16,500  Interest rate =…

Q: Aero Ltd (Aero) has granted 700 share appreciation rights to each of its 400 employees on 1 January…

A:

Q: On Jan. 1, 2021, an entity bought investment in bonds and classified it as an investment at…

A: Bonds are interest-paying securities that are issued by a corporation or the government to raise…

Q: 1 Record the above four transactions in general journal. 3.2. Define marketable securities. What…

A: Marketable securities are those securities which are the financial securities or instruments which…

Q: On December 31, 2019, Akron, Ic., purchased 5 percent of Zip Company's common shares on the open…

A: The question is based on the concept of Financial Accounting.

Q: ALOY Company acquires 100% of the voting stock of BENNET Company on January 1, 2021 for P400,000…

A: The acquirer shall recognize contingent consideration as a part of consideration transferred to…

Q: On January 1, 202X, Dianne Corporation acquired the net assets of Cyril Corporation by issuing e…

A: Dianne Corporation pays Cyril Corporation in shares and cash as purchase consideration for Cyril…

Q: P Company acquires 15% of S Company’s ordinary shares for P500,000 cash and carries the investment…

A: Goodwill on consolidation = Purchase consideration paid - fair value of net assets acquired

Q: Compute the goodwil (gain on bargain purchase)

A: Goodwill refers to the extra amount of consideration paid over the fair value of the net assets of…

Q: Sandhill Inc. owns shares of Teal Corporation stock. At December 31, 2020, the securities were…

A: Journal entry is the act of keeping records of transactions in an accounting journal. The accounting…