Permata Tbk and its affiliate Berlian Tbk recorded goodwill of $75,000 in its consolidated financial statement year ended December 31, 2013. Permata Tbk acquired an 80 percent interest in Berlian Tbk on January 1, 2013, when its common stock was at $250,000 and retained earnings at $130,000. The fair value of net assets was equal to its book value. Berlian Tbk had 1,000 shares of preferred stock with a callable price of $102 per share at the time of the purchase. 

ADDITIONAL INFORMATION 

1. Net income during 2013 reported by Berlian Tbk was $60,000. 

2. Income from the subsidiary reported by Permata Tbk was $36,000.

REQuIRED 

1. Calculate the purchase price of Berlian Tbk by Permata Tbk on January 1, 2013. 

2. Calculate the total amount of stockholders’ equity at the time of the purchase. 

3. Calculate the total amount of noncontrolling interest share.

Answer rating: 100% (QA)

A C D Common Stockholders equity a 250000 130000 1 380000 ... View the full answer