4, 5, 6, 7, 8, 9, and 10 I need clear solutions pls CHAPTER 3: CONSOLIDATIONDATE OF ACQUISITIONSUBSEQUENT TOPage | 1236.The balance of the investment account at December 31, 2021 is:P5,924,000b. P5,000,000c. P5,744,000d. P7,660,000a.7.The dividends income of Plum Co. from Slam Co.in 2021 isa. P480,000b. P948,000с. Р560,000d. P504,0008. Accountancy Company acquired 75% of outstanding ordinary shares of Finance Companyfor P900,000. Book value of Finance Company's net assets is P1,000,000. Upon re-measurement of acquires net assets, it shows that inventory has a fair value lower byP40,000 than its book value and equipment held for 3 years has a fair value and bookvalue of P450,000 and P360,000, respectively. The original cost of Finance Company'sequipment is P576,000 with no residual value. Accountancy opt to measure NCI at fairvalue of P275,000. During the year Accountancy reported net income from own operationof P300,000 and received P30,000 dividend from Finance. Finance Company's netincome amounts to P120,000. Goodwill, if partial, is impaired by P13,500.Compute the consolidated net income.a. P424,000b. P439,000c. P427,000d. P394,0009.Refer to #8, Non-Controlling Interest in Net Assets of Subsidiary at the end is:a. P296,000b. P298,500с. Р299,000d. P286,50010. Refer to #8, Net income attributable to Accountancy Company is:P393,000b. P376,500с. Р390,000d. P406,500a. Plum Corporation acquired 80% of Slum Co. for P 5,000,000 on January 2, 2019. On thisdate, Slam Co. reported Ordinary share capital of P 3,000,000 and Retained Earmings ofP2,000,000 Change in assets to fair values were undervaluation of P 300,000 and P400,000 in Equipment and Building respectively. Both assets have 10-year remaininguseful life. An annual review revealed that goodwill has not been impaired.4.Slam Co. earned income and paid dividends as follows:201920202021Net Income1,000,000400,0001,200,0001,3000,000600,000Dividends500,000The Non-Controlling interest in the net income of Slam Co. at December 31, 2020 is:a. P140,000b. P184,000с. Р226,000d. P240,000bomalo5.The NCI at December 31, 2021 assuming Plum Corp. opted to measure NCI at fair Valueis:a. P800,000b. P1,078,000c. P1,400,000d. P1,608,000000,08wolinlet yd bing ebnebrvib bos behewloon000 00abrobivic

Only 4,5,6 & 7 subparts have been solved as per the answer guidelines because subparts…

Plum Corporation acquired 80% of Slum Co. for P 5,000,000 on January 2, 2019. On this date, Slam Co. reported Ordinary share capital of P 3,000,000 and Retained Eamings of P2,000,000 Change in assets to fair values were undervaluation of P 300,000 and P 400,000 in Equipment and Building respectively. Both assets have 10-year remaining useful life. An annual review revealed that goodwill has not been impaired. 4. Slam Co. earned income and paid dividends as follows: 2019 2020 2021 Net Income 1,000,000 400,000 1,200,000 500,000 1,3000,000 600,000 Dividends The Non-Controlling interest in the net income of Slam Co. at December 31, 2020 is: a. P140,000 b. P184,000 c. P226,000 d. P240,000 bomalo to 5. The NCI at December 31, 2021 assuming Plum Corp. opted to measure NCI at fair Value is: gmo a. P800,000 b. P1,078,000 20 c. P1,400,000 d. P1,608,000 000,08 woll d big ebnghvib bns beho 000 00E 000