Data Analytics Chapter 5 Navigation 2 Rampe eBook Consolidation sursequent to date of acquisition Equity method with no controlling interest and AAP Assuntonary , 2000, parent company cured an interestinedy Theo value of the control and noncontrolling interests was $500,000 over the book value of the dary Schoden uity on the acoustion date. The parented the cost to the following: IA A Uselet w UwM Al Aman 250,000 00:00 et the two located to the parere the parere and the subsidiary report the following trane servers and December 21 2013: Parent Subsidiary mem Param Suary Basheet PE R! O 50"F 80% of the Goodwill is allocated to the parent. The parent and the subsidiary report the following financial statements at December 31, 2013: Parent Subsidiary Parent Subsidiary Income statement: Balance sheet: Sales 57,330,000 $1,872,000 Assets Cost of goods sold (5.131,000) (1,122300) Cash 5412.513 $133,011 Gross profit 2199.000 749.700 Accounts receivable 938,240 433,956 Income (loss) from subsidiary 190,696 Inventory 1,422020 557,409 Operating expenses (1.392.700) (486,330) Equity investment 1.476,871 Net Income $996,996 263,370 Property, plant and equipment (PPE), net 5,374,356 1.280,669 $9,624,000 $2,405,045 Statement of retained earnings: BOY retained earnings 53,682,592 5966,425 Labilities and stockholders' equity Net income 996,996 263,370 Current liabilities 51.053.321 $433,956 Dividends (199,159) (39.281) Long-term liabilities 2.000.000 500,000 EOY retained earnings 54.480.429 51,190,514 Common stock 1,198,455 124,700 APIC 891,795 155,875 Retained earnings 4.480.429 1.190,514 59,624,000 $2405,045 Diarege and document the activity for the TOO Acquisition Accounting Premium (AAPL the controlling interest AAP and the noncontrolling interest AAP. Note: Do not use negative signs with any of your answers below Unamordid Unamortid Unamortid Unamertid Un amortized Unamortized ANP 2009 AN 2010 AAP 2011 AAP 2012 MAP 2013 AAP 11/2009 Amortization 11/2010 Amortization 1/1/2011 Amortization 1/1/2012 Amortization 1/1/2013 Amortization 1/1/2014 entspre and went 0 0 0 D 0 0 Comet 0 0 0 0 0 0 0 Good 0 a 0 a 0 0 0 0 0 0 O a ole Olo OOO OOO 0 O 0 0 Podprt), Customer Good 0 0 0 o Olo OOO OLDOG DO ooo 0 0 0 0 0 0 O Sibiry Puerte paranda OOOOOOO 0 0 a a O 0 OGO DOO DOGO OOOO GOOD cos 0 0 0 0 Coodell 0 0 O 0 0 0 0 0 b. Calculate and organize the profits and losses on intercompany transactions and balances Down Upstream . 0 0 0 Compute the pre-consolidation Equity Investment account beginning and ending balonces starting with the stockholders equity of the sitesidiary Round answers to the nearest whole number cCompute the pre-consolidation Equity Investment account beginning and ending balances starting with the stockholders equity of the subsidiary Round answers to the nearest whole number Euty went Commons 0 0 0 Com AP 0 0 0 0 d. Reconstruct the activity in the parents pre.consolidation Collyrvestment 1-account for the year of consolidation Hound answers to the nearest whole number Equity Investment BAVU CD Independently compute the west attributable to the noncontrolling interest beginning and ending balances starting with the owners equity of the subsidiary Round answers to the nearest whole number e Independently compute the owners equity attributable to the noncontrolling interest beginning and ending balances starting with the owners' equity of the subsidiary Round answers to the nearest Whole number Com AC . 0 Nagin 13 COM 0 + 0 Eindependently calculate consolidated net income, controlling interest net income and noncontrolling interest net income Round answers to the rest whole number Use negative signs with that reduce net income Card de come 0 Connection 0 Type tereta ve signs with answers that reduce net income. 0 0 0 0 0 Consolidated: Parent's stand-alone net income Subsidiary's stand-alone net income Less: Subsidiary's adjusted stand-alone net income Consolidated net income Parent: Parent's stand-alone net income Subsidiary's stand-alone net income Less: 80% of subsidiary's stand-alone net income Consolidated net income attributable to the parent Subsidiary: 20% of subsidiary's stand-alone net income Less: 0 0 . 0 0 OO 0 Consolidation Worksheet Description Debit Credit (C) Equity income 0 Dividends Equity Investment 0 0 0 0 0 0 0 0 0 0 0 0 [E] Common stock APIC 0 0 e 0 0 Equity investment 0 0 0 0 0 0 0 (A) Property, plant and equipment (PPE). net Customer list 0 0 0 Equity investment 0 0 0 0 0 D] 0 0 0 0 0 0 0 Customer list 0 Data Analytics Chapter 5 Navigation 2 Rampe eBook Consolidation sursequent to date of acquisition Equity method with no controlling interest and AAP Assuntonary , 2000, parent company cured an interestinedy Theo value of the control and noncontrolling interests was $500,000 over the book value of the dary Schoden uity on the acoustion date. The parented the cost to the following: IA A Uselet w UwM Al Aman 250,000 00:00 et the two located to the parere the parere and the subsidiary report the following trane servers and December 21 2013: Parent Subsidiary mem Param Suary Basheet PE R! O 50"F 80% of the Goodwill is allocated to the parent. The parent and the subsidiary report the following financial statements at December 31, 2013: Parent Subsidiary Parent Subsidiary Income statement: Balance sheet: Sales 57,330,000 $1,872,000 Assets Cost of goods sold (5.131,000) (1,122300) Cash 5412.513 $133,011 Gross profit 2199.000 749.700 Accounts receivable 938,240 433,956 Income (loss) from subsidiary 190,696 Inventory 1,422020 557,409 Operating expenses (1.392.700) (486,330) Equity investment 1.476,871 Net Income $996,996 263,370 Property, plant and equipment (PPE), net 5,374,356 1.280,669 $9,624,000 $2,405,045 Statement of retained earnings: BOY retained earnings 53,682,592 5966,425 Labilities and stockholders' equity Net income 996,996 263,370 Current liabilities 51.053.321 $433,956 Dividends (199,159) (39.281) Long-term liabilities 2.000.000 500,000 EOY retained earnings 54.480.429 51,190,514 Common stock 1,198,455 124,700 APIC 891,795 155,875 Retained earnings 4.480.429 1.190,514 59,624,000 $2405,045 Diarege and document the activity for the TOO Acquisition Accounting Premium (AAPL the controlling interest AAP and the noncontrolling interest AAP. Note: Do not use negative signs with any of your answers below Unamordid Unamortid Unamortid Unamertid Un amortized Unamortized ANP 2009 AN 2010 AAP 2011 AAP 2012 MAP 2013 AAP 11/2009 Amortization 11/2010 Amortization 1/1/2011 Amortization 1/1/2012 Amortization 1/1/2013 Amortization 1/1/2014 entspre and went 0 0 0 D 0 0 Comet 0 0 0 0 0 0 0 Good 0 a 0 a 0 0 0 0 0 0 O a ole Olo OOO OOO 0 O 0 0 Podprt), Customer Good 0 0 0 o Olo OOO OLDOG DO ooo 0 0 0 0 0 0 O Sibiry Puerte paranda OOOOOOO 0 0 a a O 0 OGO DOO DOGO OOOO GOOD cos 0 0 0 0 Coodell 0 0 O 0 0 0 0 0 b. Calculate and organize the profits and losses on intercompany transactions and balances Down Upstream . 0 0 0 Compute the pre-consolidation Equity Investment account beginning and ending balonces starting with the stockholders equity of the sitesidiary Round answers to the nearest whole number cCompute the pre-consolidation Equity Investment account beginning and ending balances starting with the stockholders equity of the subsidiary Round answers to the nearest whole number Euty went Commons 0 0 0 Com AP 0 0 0 0 d. Reconstruct the activity in the parents pre.consolidation Collyrvestment 1-account for the year of consolidation Hound answers to the nearest whole number Equity Investment BAVU CD Independently compute the west attributable to the noncontrolling interest beginning and ending balances starting with the owners equity of the subsidiary Round answers to the nearest whole number e Independently compute the owners equity attributable to the noncontrolling interest beginning and ending balances starting with the owners' equity of the subsidiary Round answers to the nearest Whole number Com AC . 0 Nagin 13 COM 0 + 0 Eindependently calculate consolidated net income, controlling interest net income and noncontrolling interest net income Round answers to the rest whole number Use negative signs with that reduce net income Card de come 0 Connection 0 Type tereta ve signs with answers that reduce net income. 0 0 0 0 0 Consolidated: Parent's stand-alone net income Subsidiary's stand-alone net income Less: Subsidiary's adjusted stand-alone net income Consolidated net income Parent: Parent's stand-alone net income Subsidiary's stand-alone net income Less: 80% of subsidiary's stand-alone net income Consolidated net income attributable to the parent Subsidiary: 20% of subsidiary's stand-alone net income Less: 0 0 . 0 0 OO 0 Consolidation Worksheet Description Debit Credit (C) Equity income 0 Dividends Equity Investment 0 0 0 0 0 0 0 0 0 0 0 0 [E] Common stock APIC 0 0 e 0 0 Equity investment 0 0 0 0 0 0 0 (A) Property, plant and equipment (PPE). net Customer list 0 0 0 Equity investment 0 0 0 0 0 D] 0 0 0 0 0 0 0 Customer list 0