Tali co.A. 1,600,000B. 1,290,000C. 1,350,000D. 1,330,000 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 Assets1,570,0002,000,000750,000Assets750,000Liabilities750,000400,000Ordinary 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?

Consolidated Total Equity is the value of Equity of the company after consolidation of Two or more…

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?

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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Tali co.

A. 1,600,000
B. 1,290,000
C. 1,350,000
D. 1,330,000

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