Question: how do u get 86000 and 52180 for NCI Devine 1/1 The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine,

how do u get 86000 and 52180 for NCI Devine 1/1

The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares

how do u get 86000 and 52180 for NCI Devine 1/1

The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.40 per share on January 1, 2017. The remaining 20 percent of Devine's shares also traded actively at $6.40 per share before and after Holtz's acquisition. An appralsal made on that date determined that all book values appropriately reflected the fair values of Devine's underlying accounts except that a bullding with a 5-year future life was undervalued by $62,000 and a fully amortized trademark with an estimated 10-year remaining life had a $67,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $260,000. Following are the separate financial statements for the year ending December 31, 2018 346, eee (16,eee) 117, ese (E) (I) 19,160 16,660 (175, eee) $(170, eee) Operating expenses Dividend income Separate company net incoee Consolidated net income NI attributable to noncontrolling interest NI attributable to Holtz Corp. Retained earnings, 1/1 Net incone (above) Dividends declared Retained earnings, 12/31 Current assets Investment in Devine (5) 33e, eee (*C) 48,72e (727, eee) (175, eee) se, eee (852, 180) 379,5ee 512,000 (338, eee) (170, eee) 2e, eee (480, eee) $ 162, eee (I) 16,6ee (*) 40,72e 785, eee 148,000 (A) (A) (A) 49, tee 60,300 151, e8e (S) 344, cee (A) 208,72e (E) 12,4ee (E) 6,700 Buildings and equipment (net) Trademarks Goodwill Total assets Liabilities Common stack Retained earnings, 12/31 (above) NCI in Devine 1/1 1,824,5ee (652, 5ee) (320, eee) (852,000) $ 422,800 2e6, eee @ 790, $(210, eee) (188,88e) (480, eee) (5) 100,000 (5) (A) 85, eee 52,180 Prev 1 of 1 Next > e te Search O t ex

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