Hello Corp. acquired 80% of outstanding shares of Piknik Inc. the stock acquisition resulted to a goodwill of P700,000.

Q: 28

A: Generally, the Company purchases another company's business by giving the purchase price to the…

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

A: Given, Cash price = $14 million

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

A: Note: Since you have posted a question with multiple sub-parts, we will solve first three subparts…

Q: Yes Corporation reports net assets of P300,000 at book value. These net assets have an estimated…

A: Goodwill attributable to the non-controlling interest will be equal to 20% of total goodwill.

Q: On 1 January 20X8, Coconut acquired 80% of the share capital of Rice for £100,000 when Rice had…

A: Calculation of Retained earnings balance as on 31 Dec, 2019 in CFS       Balance of Retained…

Q: On January 1, 20X1, Pinto Company purchased an 80% interest in Sands Inc. for $1,000,000. The equity…

A: Solution Income statement is the statement which shows companies Revenue ,expenses and profitability…

Q: On January 1, 20X6, Pumpkin Corporation acquired 70 percent of Spice Company's common stock for…

A: A consolidated balance sheet is a financial statement that presents the combined financial position…

Q: Prepare a consolidated statement of financial position as at 31 December 20X1.

A:

Q: If P. company paid $360000 to acquire a part of S. company common stocks and if the positive…

A: The purchase consideration is the amount paid by the acquiring company to the subsidiary company in…

Q: Graham Limited acquired 90% of the share capital and reserves of Terry Limited for $170,000. Share…

A: Given Information:Share capital (Terry Limited): $100,000Reserves (Terry Limited):…

Q: Unforgettable Company acquired the net assets of Tua Company (100,000 outstanding sh) by issuing…

A: Note : We have assumed that no entry has been passed by Unforgettable company (transferee) for…

Q: Required information Postage Corporation acquired 75 percent of Stamp Corporation's common stock on…

A: Balance sheet is the financial statement that records all the assets, liabilities and stockholders'…

Q: ompany A acquires 70 per cent of Company B for a cash price of $14 million when the share capital…

A: Consolidated statement of financial position Note: Since you have posted a question with multiple…

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.