a. 1,350,000b. 1,290,000c. 1,330,000d. 1,600,000 Tali Co. Acquired 80% of Wind Corp.'s voting rights. The statements of financial position of both entitiesimmediately after the acquisition are shown below:Tali Co.Wind Corp.Investment in Subsidiary (cost)430,000Other Assets1,570,000750,000Assets2,000,000750,000Liabilities750,000400,000Ordinary Share CapitalRetained Earnings1,000,000310,000250,00040,000Liabilities and Stockholders' Equity2,000,000750,000The fair value of Winds' assets is P50,000 more than the aggregate carrying amounts. Non-controlling interest ismeasured under the proportionate share method. How much is the consolidated total equity?

Tali co. acquired Wind corp. = 80% Balance sheet of both companies are given. Computation of…

Tali Co. Acquired 80% of Wind Corp.'s voting rights. The statements of financial position of both entities immediately after the acquisition are shown below: Tali Co. Wind Corp. Investment in Subsidiary (cost) Other Assets Assets 430,000 1,570,000 2,000,000 750,000 750,000 Liabilities Ordinary Share Capital Retained Earnings Liabilities and Stockholders' Equity 400,000 750,000 1,000,000 250,000 310,000 40,000 2,000,000 750,000 The fair value of Winds' assets is P50,000 more than the aggregate carrying amounts. Non-controlling interest is measured under the proportionate share method. How much is the consolidated total equity?

Tali Co. Acquired 80% of Wind Corp.'s voting rights. The statements of financial position of both entities immediately after the acquisition are shown below: Tali Co. Wind Corp. Investment in Subsidiary (cost) Other Assets Assets 430,000 1,570,000 2,000,000 750,000 750,000 Liabilities Ordinary Share Capital Retained Earnings Liabilities and Stockholders' Equity 400,000 750,000 1,000,000 250,000 310,000 40,000 2,000,000 750,000 The fair value of Winds' assets is P50,000 more than the aggregate carrying amounts. Non-controlling interest is measured under the proportionate share method. How much is the consolidated total equity?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

a. 1,350,000

b. 1,290,000

c. 1,330,000

d. 1,600,000

Tali Co. Acquired 80% of Wind Corp.'s voting rights. The statements of financial position of both entities
immediately after the acquisition are shown below:
Tali Co.
Wind Corp.
Investment in Subsidiary (cost)
430,000
Other Assets
1,570,000
750,000
Assets
2,000,000
750,000
Liabilities
750,000
400,000
Ordinary Share Capital
Retained Earnings
1,000,000
310,000
250,000
40,000
Liabilities and Stockholders' Equity
2,000,000
750,000
The fair value of Winds' assets is P50,000 more than the aggregate carrying amounts. Non-controlling interest is
measured under the proportionate share method. How much is the consolidated total equity?

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