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Samsung Company for P80,000,000, Panasonic also Paid P2,500,000 as direct costs aftributable to the combination. Panasonic was also obligated to pay an additional P20,000,000 to the stockholders of Samsung Company at the end of the year if Samsung company maintained existing profitability and it is highly probable that Samsung company 4. On January 2, 2019, Panasonic Company purchased 90% of the outstanding shares of would achieve this expectation. The fair value of the contingent consideration P20,000,000. The following financial information for Panasonic Company and Samsung Company follows: Samsung Company Cash and Cash Equivalent Accounts Receivable Inventory Plant and Equipment Other Assets Liabilities Panasonic Company Book Value 90,000,000 32,500,000 47,500,000 100,000,000 6,000,000 60,000,000 200,000,000 16,000,000 Book Value 7,500,000 17,500,000 25,000,000 50,000,000 4,000,000 10,000,000 75,000,000 19,000,000 Fair Value 7,500.000 16,500,000 23,000,000 60,000,000 2,500,000 Share Capital Retained Earnings 9950 Assuming Panasonic opted to measure NCI proportionate to its share on the identifiable net assets acquired, the amount of goodwill to be recorded by Panasonic arising from the business acquisition is: a P11,611,110 b. P10,450,000 c. PI1,111,111 d. P10,950,000

Samsung Company for P80,000,000, Panasonic also Paid P2,500,000 as direct costs aftributable to the combination. Panasonic was also obligated to pay an additional P20,000,000 to the stockholders of Samsung Company at the end of the year if Samsung company maintained existing profitability and it is highly probable that Samsung company 4. On January 2, 2019, Panasonic Company purchased 90% of the outstanding shares of would achieve this expectation. The fair value of the contingent consideration P20,000,000. The following financial information for Panasonic Company and Samsung Company follows: Samsung Company Cash and Cash Equivalent Accounts Receivable Inventory Plant and Equipment Other Assets Liabilities Panasonic Company Book Value 90,000,000 32,500,000 47,500,000 100,000,000 6,000,000 60,000,000 200,000,000 16,000,000 Book Value 7,500,000 17,500,000 25,000,000 50,000,000 4,000,000 10,000,000 75,000,000 19,000,000 Fair Value 7,500.000 16,500,000 23,000,000 60,000,000 2,500,000 Share Capital Retained Earnings 9950 Assuming Panasonic opted to measure NCI proportionate to its share on the identifiable net assets acquired, the amount of goodwill to be recorded by Panasonic arising from the business acquisition is: a P11,611,110 b. P10,450,000 c. PI1,111,111 d. P10,950,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 18E
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Samsung Company for P80,000,000. Panasonic also Paid P2,500,000 as direct costs atributable to the combination. Panasonic was also obligated to pay an additional 4. On January 2, 2019, Panasonic Company purchased 90% of the outstanding shares of P20,000,000 to the stockholders of Samsung Company at the end of the year if Samsung company maintained existing profitability and it is highly probable that Samsung company would achieve this expectation. The fair value of the contingent consideration P20,000,000. The following financial information for Panasonic Company and Samsung Company follows: Samsung Company Cash and Cash Equivalent Accounts Receivable Inventory Plant and Equipment Other Assets Liabilities Share Capital Retained Earnings Panasonic Company Book Value 90,000,000 32,500,000 47,500,000 100,000,000 6,000,000 60,000,000 200,000,000 16,000,000 Book Value 7,500,000 17,500,000 25,000,000 50,000,000 4,000,000 10,000,000 75,000,000 19,000,000 Fair Value 7,500.000 16,500,000 23,000,000 60,000,000 2,500,000 9950 vlat Assuming Panasonic opted to measure NCI proportionate to its share on the identifiable net assets acquired, the amount of goodwill to be recorded by Panasonic arising from the business acquisition is: a P11,611,110 b. P10,450,000 c. P11,111,111 d. P10,950,000
Transcribed Image Text:Samsung Company for P80,000,000. Panasonic also Paid P2,500,000 as direct costs atributable to the combination. Panasonic was also obligated to pay an additional 4. On January 2, 2019, Panasonic Company purchased 90% of the outstanding shares of P20,000,000 to the stockholders of Samsung Company at the end of the year if Samsung company maintained existing profitability and it is highly probable that Samsung company would achieve this expectation. The fair value of the contingent consideration P20,000,000. The following financial information for Panasonic Company and Samsung Company follows: Samsung Company Cash and Cash Equivalent Accounts Receivable Inventory Plant and Equipment Other Assets Liabilities Share Capital Retained Earnings Panasonic Company Book Value 90,000,000 32,500,000 47,500,000 100,000,000 6,000,000 60,000,000 200,000,000 16,000,000 Book Value 7,500,000 17,500,000 25,000,000 50,000,000 4,000,000 10,000,000 75,000,000 19,000,000 Fair Value 7,500.000 16,500,000 23,000,000 60,000,000 2,500,000 9950 vlat Assuming Panasonic opted to measure NCI proportionate to its share on the identifiable net assets acquired, the amount of goodwill to be recorded by Panasonic arising from the business acquisition is: a P11,611,110 b. P10,450,000 c. P11,111,111 d. P10,950,000
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