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Answers already given, need steps thank you (Total Consolidated) Net Income (P's separate income + S'confirmed Net Income) 6636 (Total Consolidated) OCI (Other Comprehensive Income)
Answers already given, need steps thank you
(Total Consolidated) Net Income (P's separate income + S'confirmed Net Income) 6636 (Total Consolidated) OCI (Other Comprehensive Income) 2110 (Total Consolidated) Comprehensive Income 8746 -MI in S'Confirmed Net Income (500) -MI in S'Confirmed OCI (31) P's % of (Consolidated) Comprehensive Income 8215 1. Consider the following information from the financial statements of Para Inc. and its 80%- owned subsidiary SIG Co. P S Separate income 450 Net income 300 Separate OCI 125 100 S-OCI (P's share) 80 Provide the following: a. Total Consolidated Net Income b. Consolidated OCI c. P's %, Consolidated OCI d. P's%, Consolidated Net Income e. Total Consolidated Comprehensive Income f. P's %, Consolidated Comprehensive Income CS 75 RE 25 2. Assume the following data apply shortly after Perfunctory Co. acquires Serious, Inc.: P Co. (000s) S Co. (000s) Assets 400 200 Liabilities 250 100 60 APIC/OCC 50 30 10 Passets have a fair value = 435k; S'identifiable assets have a fair value = 320k. Pacquires 75% of S's outstanding voting stock for $165k cash. S'assets include pre-acquisition Goodwill of 40k, and P's assets and S' liabilities) reflect a loan P has made to S for 10k. The DOA consolidated Balance Sheet should show: a. identifiable assets b. liabilities c. Common Stock d. APIC/OCC a e. RE f. Goodwill algebraic) (Total Consolidated) Net Income (P's separate income + S'confirmed Net Income) 6636 (Total Consolidated) OCI (Other Comprehensive Income) 2110 (Total Consolidated) Comprehensive Income 8746 -MI in S'Confirmed Net Income (500) -MI in S'Confirmed OCI (31) P's % of (Consolidated) Comprehensive Income 8215 1. Consider the following information from the financial statements of Para Inc. and its 80%- owned subsidiary SIG Co. P S Separate income 450 Net income 300 Separate OCI 125 100 S-OCI (P's share) 80 Provide the following: a. Total Consolidated Net Income b. Consolidated OCI c. P's %, Consolidated OCI d. P's%, Consolidated Net Income e. Total Consolidated Comprehensive Income f. P's %, Consolidated Comprehensive Income CS 75 RE 25 2. Assume the following data apply shortly after Perfunctory Co. acquires Serious, Inc.: P Co. (000s) S Co. (000s) Assets 400 200 Liabilities 250 100 60 APIC/OCC 50 30 10 Passets have a fair value = 435k; S'identifiable assets have a fair value = 320k. Pacquires 75% of S's outstanding voting stock for $165k cash. S'assets include pre-acquisition Goodwill of 40k, and P's assets and S' liabilities) reflect a loan P has made to S for 10k. The DOA consolidated Balance Sheet should show: a. identifiable assets b. liabilities c. Common Stock d. APIC/OCC a e. RE f. Goodwill algebraic)Step by Step Solution
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