File Home Insert Page Layout 212S-Solutions-Illustrative Problems-Goodwill and Impairment of Goodwill (1) [Protected View] - Excel Review View Help Tell me what you want to do Enable Editing Formulas Data PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. F28 A fx B C D E 456N Exercise 6 (LO 5, 6, 7) 80% purchase, alternative values for goodwill. Quail Com- pany purchases 80% of the common stock of Commo Company for $800,000. At the time of the purchase, Commo has the following balance sheet: Assets Cash equivalents. 7 Inventory Land. 8 Building (net). 9 Equipment (net) Total assets.. Liabilities and Equity $ 120,000 200,000 Current liabilities .. Bonds payable $ 200,000 400,000 100,000 Common stock ($5 par). 100,000 450,000 Paid-in capital in excess of par 150,000 230,000 $1,100,000 Retained earnings.... Total liabilities and equity 250,000 $1,100,000 10 The fair values of assets are as follows: 11 Cash equivalents. 12 13 14 15 16 Inventory Land... Building Equipment $120,000 250,000 200,000 650,000 200,000 1. Prepare the value analysis schedule and the determination and distribution of excess schedule under three alternatives for valuing the NCI: a. The value of the NCI is implied by the price paid by the parent for the controlling interest. b. The market value of the shares held by the NCI is $45 per share. 17 18 A Cash 120.000.00 Consideration Transferred 1 2 3 4 5 67 Q !! L W Carmela Share F G 800.000.00 >>) ENG 6:04 pm 24/01/2021 + 160%