On July 1, 2018, Alpha Co. acquired most of the outstanding voting stocks of Roger Co. for cash. The incomplete working paper elimination entries on that date for the consolidated statement of financial position of Alpha Co. and its subsidiary are shown below:   Common stock - Roger    1,500,000   Share premium - Roger      937,500                 Investment in Roger     1,584,375               Non-controlling Interest        853,125             Inventories 62,500   Equipment 312,500   Patent 61,250                Investment in Roger   ?              Non-controlling Interest   ?             Goodwill ?               Investment in Roger   185187.5             Non-controlling Interest   ?   Included in the purchase price is a control premium of P68,750.   How much is the percentage ownership of the controlling interest and non-controlling interest?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On July 1, 2018, Alpha Co. acquired most of the outstanding voting stocks of Roger Co. for cash. The incomplete working paper elimination entries on that date for the consolidated statement of financial position of Alpha Co. and its subsidiary are shown below:

 

Common stock - Roger

   1,500,000

 

Share premium - Roger

     937,500

 

              Investment in Roger

 

  1,584,375

              Non-controlling Interest

 

     853,125

     
     

Inventories

62,500

 

Equipment

312,500

 

Patent

61,250

 

             Investment in Roger

 

?

             Non-controlling Interest

 

?

     
     

Goodwill

?

 

            Investment in Roger

 

185187.5

            Non-controlling Interest

 

?

 

Included in the purchase price is a control premium of P68,750.

 

How much is the percentage ownership of the controlling interest and non-controlling interest?

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