Exercise CFS$\_2-$ Consolidation at acquisition date

The day before the end of the fiscal year, Pink S$.$p$.$A$.$ purchased a stake in Floyd S$.$r$.$l$.$ paying a

consideration of $$25,000.$

Required:

Provide the journal entries necessary for the elimination of the parent company's investment $($and if

necessary, recognize the value of the equity pertaining to "Non Controlling Interest"$)$ by imagining that the

following conditions $($which are alternatives and must be considered separately$)$ exist:

Situation $1$

The shares bought by Pink represent $100\%$ of the shares issued by Floyd. Floyd's equity at book values is

$$18,000,$ while the total fair value measurement of all its individually identifiable assets and liabilities is

$$23,000$

Situation $2$

The shares bought by Pink represent $100\%$ of the shares issued by Floyd. Floyd's equity at book values is

$$27,000,$ while the total fair value measurement of all its individually identifiable assets and liabilities is

$$30,000$

Situation $3$

The shares bought by Pink represent $75\%$ of the shares issued by Floyd. Floyd's equity at book values is

$$20,000,$ while the total fair value measurement of all its individually identifiable assets and liabilities is

$$25,000.$ The fair value of shares belonging to non$-$controlling shareholders is $$8,000$ in the aggregate

Situation $4$

The shares purchased by Pink represent $80\%$ of the shares issued by Floyd. Floyd's equity at book values is

$$40,000,$ while the total fair value measurement of all its individually identifiable assets and liabilities is

$$35,000.$ The fair value of shares belonging to non$-$controlling shareholders is $$4,500$ in the aggregat