1- what is the total differenation is ?
2- the balance of income from slash on december 31,2020 is ?
3- the balance of investment in slash account on december 31,2020 is ?
4- consolidated net income on december 31,2020 is ?
5- consolidated net income attributable to controlling interest on december 31,2020 is ?
6- consolidated retained earning on december 31, 2020 is ?
7- consolidated comprehensive income on december 31,2020 is ?
8- consolidated comprehensive income attributable to controlling interest on december 31,2020 is ?
Point Company acquired 80 percent of the stock of Slash Corp. on January 1, 2020. The stockholder's equity section at that dat Time left 0:46:24 Stockholder's Equity Section Point Slash Common Stock 600,000 $200.000 Additional Pald in Capital 1.000.000 400.000 Retained Earnings 800,000 600.000 Accumulated Other 100.000 50.000 comprehensive Income Total Stockholders' Equity $2,500,000 $1,250,000 Point financed the acquisition by using $1,000,000 cash and giving a note payable for $125,000. Book value approximated fair value for all of Slash's assets and llabies except for Bulldings which had a fair value of $50,000 more than its book value and a remaining useful life of 10 years. Land which had a fair value of $40,000 more than its book value. Merchandise Inventory which had a fair value of 20.000 more than its book value, and was sold during 2020 Internally created patent with a fair value of 30,000 and a useful life of 5 years. . Any remaining differential was related to goodwill. Goodwil is deemed to be impared and worth only $12.000. Slash has accounts payable to point in the amount of $25.000 During 2020, Point & Slash had the following: Point Slash 1. Declared cash dividends $120.000 $ 60.000 2. Eamed net income 200.000 100.000 40.000 20.000 3. Eamed other comprehensive Income from available for sale securities Use this information to calculate the followings: Point Company acquired 80 percent of the stock of Slash Corp. on January 1, 2020. The stockholder's equity section at that dat Time left 0:46:24 Stockholder's Equity Section Point Slash Common Stock 600,000 $200.000 Additional Pald in Capital 1.000.000 400.000 Retained Earnings 800,000 600.000 Accumulated Other 100.000 50.000 comprehensive Income Total Stockholders' Equity $2,500,000 $1,250,000 Point financed the acquisition by using $1,000,000 cash and giving a note payable for $125,000. Book value approximated fair value for all of Slash's assets and llabies except for Bulldings which had a fair value of $50,000 more than its book value and a remaining useful life of 10 years. Land which had a fair value of $40,000 more than its book value. Merchandise Inventory which had a fair value of 20.000 more than its book value, and was sold during 2020 Internally created patent with a fair value of 30,000 and a useful life of 5 years. . Any remaining differential was related to goodwill. Goodwil is deemed to be impared and worth only $12.000. Slash has accounts payable to point in the amount of $25.000 During 2020, Point & Slash had the following: Point Slash 1. Declared cash dividends $120.000 $ 60.000 2. Eamed net income 200.000 100.000 40.000 20.000 3. Eamed other comprehensive Income from available for sale securities Use this information to calculate the followings
