P purchased a 60% interest in S on 12/31/2010 for $90,000. On that date S had Equipment
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Question:
P purchased a 60% interest in S on 12/31/2010 for $90,000. On that date S had Equipment with a FV of $35,000 and a BV of 20,000. The FV of all S’s identifiable assets-liabilities (ΣFV) at acquisition was $100,000. Compute the amounts as they would appear in the consolidated balance sheet. Goodwill S Equipment NCI Synergy 35000 35000 60,000 Acquisition Premium 21000 35000 46000 FV of NCI independently determined $52,000
Goodwill | S Equipment | NCI | |
Synergy | |||
Acquisition Premium | |||
FV of NCI independently determined | $52,000 |
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