Roku Company held 25% stake in Kyoshi Company on 1 January 2015 for 50,000 it purchased 20% additional holding in Kyoshi Company on 31 December 2016 for 30,000 and 15% on 31 December 2017 for 32,000. The book value of Roku Company’s total investment just before acquisition was 85,000 and the fair value of net identifiable assets of Kyoshi Company is 200,000 as at acquisition date. NCI is measured at fair value. How much is the non-controlling interest in the consolidated financial statements at the date of business combination? (Round off answer to nearest peso)
Roku Company held 25% stake in Kyoshi Company on 1 January 2015 for 50,000 it purchased 20% additional holding in Kyoshi Company on 31 December 2016 for 30,000 and 15% on 31 December 2017 for 32,000. The book value of Roku Company’s total investment just before acquisition was 85,000 and the fair value of net identifiable assets of Kyoshi Company is 200,000 as at acquisition date. NCI is measured at fair value. How much is the non-controlling interest in the consolidated financial statements at the date of business combination? (Round off answer to nearest peso)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Roku Company held 25% stake in Kyoshi Company on 1 January 2015 for 50,000 it purchased 20% additional holding in Kyoshi Company on 31 December 2016 for 30,000 and 15% on 31 December 2017 for 32,000. The book value of Roku Company’s total investment just before acquisition was 85,000 and the fair value of net identifiable assets of Kyoshi Company is 200,000 as at acquisition date. NCI is measured at fair value. How much is the non-controlling interest in the consolidated financial statements at the date of business combination? (Round off answer to nearest peso)
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