Scenario: P Co decreases ownership interest in X Co from 80% to 50%

Required
Determine the amounts of the following items (if any) arising at the date of the most recent transaction in each scenario:
1. New goodwill 

2. Effects that are taken to the Income Statement

(a) Remeasurement gain or loss

(b) Profit or loss on sale of investment 3. Equity effects that are not taken to the Income Statement

(a) Profit or loss arising from changes in ownership

(b) Changes in non-controlling interests

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Details Purchase of initial investment of 80% interest in X Co on 1 January 2009 Fair value of consideration transferred. Fair value of non-controlling interests.. P Co's share (80%) of post-acquisition change in equity of X Co for the period from 1 January 2009 to 1 September 2011...... Sale of investment of 30% interest in X Co on 1 September 2011 Sales proceeds.. Fair value of retained interests. Original cost of investment.. Ownership interest 80% 20% (30%) 50% 50% Amount $16,000,000 3,600,000 2,300,000 9,000,000 11,800,000 10,000,000