Reference no: EM133111588
On January 1, 20X5, Power Company purchases 80%$2,500,000 in cashA buildinglong-term liability of the outstanding shares of the Spencer Company for . On that date, Spencer Company had No Par Common Stock of $2,000,000 and Retained Earnings of $1,000,000. On January 1, 20X5, all of Spencer's identifiable assets and liabilities had fair values that were equal to their carrying values except for:
- that had an estimated FV of $600,000 less that its carrying value; its remaining useful life was estimated to be 10 years; and
- A with a FV of $500,000 less than its carrying value; the liability matures on December 31, 20X12.
- The book value (BV) of Building for Power and Spencer at date of acquisition was $1,000,000 and $2,000,000 respectively.
- The BV of Power's Common Shares just before the date of acquisition was $5,000,000.
A. What amount would Power Company report on its consolidated SFP at date of acquisition for Buildings?
B. What amount would Power Company report on its consolidated SFP at date of acquisition for NCI under the Full Goodwill Approach?
C. What amount would Power Company report on its consolidated SFP at date of acquisition for Goodwill under the Partial Goodwill Approach?
D. What amount would Power Company report on its consolidated SFP at date of acquisition for Goodwill under the Full Goodwill Approach?
E. What amount would be reported as Investment in Spencer in Power's books at date of acquisition?
F. What amount would Power Company report on its consolidated SFP at date of acquisition for Common Shares?
|
Understanding design skills for social change
: Demonstrate critical engagement with research, including with research papers, articles, etc and Tackling inequalities in the provision and access of education
|
|
How did lead to the 2007 crisis
: Why did mortgage lenders frequently fail to check information in mortgage applications during the 2000 to 2007 period?
|
|
How should rl factory labor costs be assigned to production
: RL Enterprises paid direct labor employees a total of $652,000 last period. How should RL factory labor costs be assigned to production
|
|
What was the total partnership income
: If NN's share in the residual income (income after deducting salaries and interest) was P44,000 in 2021, what was the total partnership income
|
|
Consolidated sfp at date of acquisition
: On January 1, 20X5, Power Company purchases 80%$2,500,000 in cashA buildinglong-term liability
|
|
What will be the company net income for the current year
: What will be the company's net income for the current year if there is a 15 percent increase in projected unit sales volume
|
|
Method for analyzing time-to-event data
: Method for analyzing time-to-event data, estimate the time until an event occurs - Exponential family of distributions
|
|
What would the supplies expense for the year be
: At the end of the year a count showed $400 of supplies still in the supplies closet. What would the supplies expense for the year be
|
|
Compute the mix and quantity variance for these data
: The standard variable cost per unit is $100 for wireless model and $260 for a wireless and cellular model. Compute the mix and quantity variance for these data
|