The parent company invested in walleye company when it consists Ordinary share 480,000 and Retained Eamings 200000 at 1/1/2019 on that date the excess of cost over book valueis due to a $70,000 undervaluation ofinventory, a $150,000 overvaluation of building and 100,000 undervaluation's of equipment The non-controlling ofinterest in the date of acquisitions was$160000 and goodwill 100000. During the first-year operation (2019) the subsidiary net income was 180000 and paid dividend 75,000- and second-year (2020) income was240,000 and 100000 dividends, all noncurent assets have 10years useful life, answer the following questions: 1) The amount Cost of Parents 's purchase of Subsidiary on January 1, 2019 is: 2) The investment account in 31/12/2020 is: 3) The non-controlling interest in 31/12/2019 is 4) The consolidate income in 31/12/2019 is: 5) The unamortized value in 31/12/2020 is:
The parent company invested in walleye company when it consists Ordinary share 480,000 and Retained Eamings 200000 at 1/1/2019 on that date the excess of cost over book valueis due to a $70,000 undervaluation ofinventory, a $150,000 overvaluation of building and 100,000 undervaluation's of equipment The non-controlling ofinterest in the date of acquisitions was$160000 and goodwill 100000. During the first-year operation (2019) the subsidiary net income was 180000 and paid dividend 75,000- and second-year (2020) income was240,000 and 100000 dividends, all noncurent assets have 10years useful life, answer the following questions: 1) The amount Cost of Parents 's purchase of Subsidiary on January 1, 2019 is: 2) The investment account in 31/12/2020 is: 3) The non-controlling interest in 31/12/2019 is 4) The consolidate income in 31/12/2019 is: 5) The unamortized value in 31/12/2020 is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The parent company invested in walleye companywhen it consists Ordinary share 480,000
and Retained Eamings 200000 at 1/1/2019, on that date the excess of cost over book valueis
due to a $70,000 undervaluation ofinventory, a $150,000 overvaluation of building and
100,000 undervaluation's of equipment. The non-controlling ofinterest in the date of
acquisitions was$160000 and goodwill 100000. During the first-year operation (2019) the
subsidiary net income was 180000 and paid dividend 75,000-and second-year (2020) income
was240,000 and 100000 dividends, all noncurrent assets have 10years useful life, answer the
following questions:
1) The amount Cost of Parents's purchase of Subsidiary on January 1, 2019
is:
2) The investment account in 31/12/2020 is:
3) The non-controlling interest in 31/12/2019 is
4) The consolidate income in 31/12/2019 is:
5) The unamortized value in 31/12/2020 is:
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