acquisition purchase methods for non controlling interests( economic unit method) please show income analysis and steps

January 1, 2010, 1. Justin acquires 90% of the voting common shares of Stevens on January 1 In 2010, Justin pays dividends of $350,000 and Stevens pays dividends of $25,000.

a. How much is the noncontrolling interest in subsidiary dividends.

b. How much is consolidated dividends

C. Prepare worksheet entry D for this situation.

2. Roland acquires 70% of Felix on January 1, 2011. The terms of purchase is the Roland pays to Felix shareholders 70,000 shares of Roland common stock with market value of $20 per share. The remaining 30,000 shares of Felix were traded at $15 both just before the acquisition date and right after the acquisition date

a. How much is the control premium per share

b. How much is the total control premium paid by Roland

c. Calculate business fair value

d. Assume that 100% of the fair value of net assets acquired was $1,200,000. How much is goodwill

e. How much goodwill is allocated to the controlling interest

f. How much goodwill is allocated to the noncontrolling interest

3. Tall acquires 80% of Short on May 1, 2010. For the first 4 months of 2010, Short has total revenues of $1,000,000 and total expenses of $600,000. For the last 8 months of the year Short has total revenues of $1,800,000 and total expenses of $800.000

a. How much is the noncontrolling interest in Short net income in 2010

b. How much subsidiary net income is allocated to the controlling interest