On 1 January 2012, the hypothetical Parent Co. acquired 90% of the outstanding shares of the hypothetical Subsidiary Co. in exchange for shares of Parent Co.’s no par common stock with a fair value of €180,000. The fair market value of the subsidiary’s shares on the date of the exchange was €200,000. Below is selected fi nancial information from the two companies immediately prior to the exchange of shares (before the parent recorded the acquisition):

1. Calculate the value of PP&E (net) on the consolidated balance sheet under both IFRS and US GAAP.
2. Calculate the value of goodwill and the value of the non-controlling interest at the acquisition date under the full goodwill method.
3. Calculate the value of goodwill and the value of the non-controlling interest at the acquisition date under the partial goodwill method.

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Cash and receivables Inventory PP&E (net) Payables Long-term debt Net assets Shareholders' equity: Capital stock (no par) Retained earnings Parent Book Value 40,000 125,000 235,000 400,000 55,000 120,000 175,000 225,000 87,000 138,000 Book Value 15,000 80,000 95,000 190,000 20,000 70,000 90,000 100,000 34,000 66,000 Subsidiary Fair Value 15,000 80,000 155,000 250,000 20,000 70,000 90,000 160,000