Question: Please answer both and all questions correctly. Thank You. Just need the answers On January 1, 203. Parade Corporation reported total assets of $466,000, liabilities

On January 1, 203. Parade Corporation reported total assets of $466,000, liabilities of $266,000, and stockholders' equity of $200,000. At that date, Summer Corporation reported total assets of $182,000, liabilities of $141,000, and stockholders' equity of $41,000. Following lengthy negotiations, Parade paid Summer's existing shareholders $30,750 in cash for 75 percent of the voting common shares of Summer. Required: Immediately after Parade purchased the Summer shares, a. What amount of total assets did Parade report in its individual balance sheet? b. What amount of total assets was reported in the consolidated balance sheet? c. What amount of total liabilities was reported in the consolidated balance sheet? d. What amount of stockholders' equity was reported in the consolidated balance sheet? Stick Company reports net assets with a book value and fair value of $205,000. Paste Corporation acquires 80 percent ownership for $164,000. Paste reports net assets with a book value of $519,000 and a fair value of $636,000 at that time, excluding its investment in Stick. Required: For each of the following, compute the amounts that would be reported immediately after the combination under current accounting practice: a. Consolidated net identifiable assets. b. Noncontrolling interest. On January 1, 203. Parade Corporation reported total assets of $466,000, liabilities of $266,000, and stockholders' equity of $200,000. At that date, Summer Corporation reported total assets of $182,000, liabilities of $141,000, and stockholders' equity of $41,000. Following lengthy negotiations, Parade paid Summer's existing shareholders $30,750 in cash for 75 percent of the voting common shares of Summer. Required: Immediately after Parade purchased the Summer shares, a. What amount of total assets did Parade report in its individual balance sheet? b. What amount of total assets was reported in the consolidated balance sheet? c. What amount of total liabilities was reported in the consolidated balance sheet? d. What amount of stockholders' equity was reported in the consolidated balance sheet? Stick Company reports net assets with a book value and fair value of $205,000. Paste Corporation acquires 80 percent ownership for $164,000. Paste reports net assets with a book value of $519,000 and a fair value of $636,000 at that time, excluding its investment in Stick. Required: For each of the following, compute the amounts that would be reported immediately after the combination under current accounting practice: a. Consolidated net identifiable assets. b. Noncontrolling interest
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