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(Consulate) Doganay Business acquired an 80% stake in Selen Enterprises and became a partner on January 1, 2020. The Balance Sheets of Doganay Business and

(Consulate) Doganay Business acquired an 80% stake in Selen Enterprises and became a partner on January 1, 2020.

The Balance Sheets of Doganay Business and Selen Business dated 1.1.2020 are as follows;

DOGANAY BUSINESS 1.1.2020 DATE Balance sheet SELEN BUSINESS 1.1.2020 DATE Balance sheet Elimination

DOGANAY BUSINESS

1.1.2020 DATE

consolidated

Assets
ROTATING HEIRS
SAFE 12,000 48,000
CREDIT ACCOUNTS 26,000 32,000
COMMERCIAL STOCKS 48.000 19,000
STANDING ASSETS
RELATED PARTNERSHIPS 82,000 0
RESISED ASSETS (net) 122.300 96,400
AVAILABILITY TOTAL 290,300 195,400
DEBTS AND EQUITY
Obligations
BANK LOANS 70,000 80,000
DEBT ACCOUNTS 31,000 12,000
PAYABLE EXPENSES 8,300 3,400
Equity
CAPITAL 120,000 80,000
UNDISTRIBUTED PROFITS 61,000 20,000
TOTAL OF DEBT AND EQUITY 290,300 195,400

Additional Information: Doganay Business will receive 10,000 TL from Selen Business.

Requested:

a) Is the goodwill to appear in the purchase process? If it turns out, how much does the honoree be worth? Show your calculations.

b) After the purchase of Doganay Business, if the Consolidated Balance Sheet of 01.01.2020 prepares the minority share, how much will it be worth? Clearly demonstrate your calculations.

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