Question: On July 1 , 2 0 2 4 , Travis Company acquired a 7 0 percent interest in Beaver Company in exchange for consideration of

On July 1,2024, Travis Company acquired a 70 percent interest in Beaver Company in exchange for consideration of $630,000 in cash and equity securities. The remaining 30 percent of Beaver's shares traded closely near an average price that totaled $270,000 both before and after Travis's acquisition.
In reviewing its acquisition, Travis assigned a $100,000 fair value to a patent recently developed by Beaver, even though it was not recorded within the financial records of the subsidiary. This patent is anticipated to have a remaining life of five years.
Beaver had book value of net assets at $656,000 on January 1,2024. The affiliates report the following 2024 amounts from their own separate operations:
Travis
Beaver
A
Revenues
$600,000
$400,000
Expenses
320,000
182,000
Dividends
110,000
30,000
Assume the subsidiary's income was earned uniformly throughout the year, The subsidiary declared dividends quarterly.
Answer the following questions:
(Do not add dollar sign; do not add comma to your amount; round the answer to the whole number)
What amount is reported for goodwill in the December 31,2024 consolidated balance sheet?
What is consolidated net income attributable to controlling interests for year 20247

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