On January 1st 2019, Company BigSugar acquired a 80% stake in Company LittleSalt, paying a price of 190. The Balance Sheet of LittleSalt at the date of the acquisition showed equity of 150.

At the same date, their fair values of all assets and liabilities of LittleSalt coincided with their book values except for:

LAND: carrying amount 180, fair value 200

BRANDS: carrying amount 0, fair value 30, residual useful life is 5 years.

The FV of Non Controlling interests is to be computed using the acquisition method. The tax rate is equal to 50%. Any residual positive consolidation difference is registered as goodwill.

725 out of 75 p REQUIRED: answer the question filling in the blank spaces as follows: A) first, place of B) then, place the number - Please note: If an item doesn't require variations, write 0 DO NOT LEAVE ANY BOX EMPTY Please note: do not use spaces, commas, dots. Just the algebraic sign and the number. Please note: If needed, please round to Euro units. Example: If the change is increase 45, then type the following: +45 On January 18, 2019, Company BigSugar acquired a 80 % stake in Company LittleSalt, paying a price of 190. The balance sheet of Little Salt at the date of the acquisition showed equity of 150. At the same date, tr values of all assets and liabilities of LittleSalt coincided with their book values, except for LAND: carrying amount 180, fair value 200 BRANDS: carrying amount 0, fair value 30; residual useful life is 5 years. The FV of Non-Controlling Interests is is to be computed using the acquisition method. The tax rate is equal to 50%. Any residual positive consolidation difference is registered as goodwill. I Moreover, the following transactions took place during 2019: BigSugar sold goods for cash to LittleSalt for 50, making a profit of 10 on the sale. At year end, none of the units purchased by LittleSall were resold to third parties. The related intragroup receivable/payable was entirely settled at year end. . Little Salt declared and paid Euro 20 cash dividends during the year. Using the following worksheet, make the consolidation entries required below, needed to build the consolidated financial statements of group BigSugar LittleSalt as of December 31th, 2019 using the acquisition method (the adjustment is indicated at the top of the columns). NOTE: please ignore the adjustment: NCI share of income. Question 19 ignore the adjustment: NCI share of income. Income Statement Big Sugar Little Salt Operating revenues 330 180 Operating Expenses 192 84 Financial income and expenses 12 Income before taar 140 70 Taxes 56 34 Net Income 84 36 MI share of income Balance Sheet Big Segar Little Sall Goodwill Other Intangible Assets Investments Deferred tax assets Inventories Receivables Oder sats Total assets Owners' equity Commen Hock Net inco Comueen sick and Ret earnings Lisbloes Provisions Deferred tax liabilities Trade and Sancial liabilities Other Eabilities Total Babilities and equity Specified Answer for: 18-50 Specified Answer for: 126 Specified Answer for: 1940 Specified Answer for: 31-16 Specified Answer for: 13 754 754 308 0 20 190 0 60 120 56 400 20 40 176 30 416 416 180 0 10 0 0 136 20 70 110 20 36 40 140 70 Aggregated 500 276 -14 216 90 120 Aggregated 1170 4 1170 488 0 188] 190 0 195 140 126 510 40 120 0 10 4 316 100 DEPRECIAT INVENTORY ELIMINATON INVESTMENT PLUSY INTRAGR [12] [19] [13] (20) ELIMINATON DEFRECIAT INVENTORY INVESTMENT PLUSV INTRAGE 111 121 [10] (15) (14) (23) [24] 555 SEE E [11] E (17) [25] DIVIDENDS (311 DIVIDENDS E (34) (35) [36] (37) On January 1st, 2019, Company BigSugar acquired a 80% stake in Company LittleSalt, paying a price of 190. The balance sheet of LittleSalt at the date of the acquisition showed equity of 150. At the same date, the fair values of all assets and liabilities of LittleSalt coincided with their book values, except for: LAND: carrying amount 180, fair value 200 BRANDS: carrying amount 0, fair value 30; residual useful life is 5 years. The FV of Non-Controlling Interests is is to be computed using the acquisition method. The tax rate is equal to 50%. Any residual positive consolidation difference is registered as goodwill. Moreover, the following transactions took place during 2019: . BigSugar sold goods for cash to LittleSalt for 50, making a profit of 10 on the sale. At year end, none of the units purchased by LittleSalt were resold to third parties. The related intragroup receivable/payable was entirely settled at year end. LittleSalt declared and paid Euro 20 cash dividends during the year. Using the following worksheet, make the consolidation entries required below, needed to build the consolidated financial statements of group BigSugar - LittleSalt as of December 31th, 2019 using the acquisition method (the adjustment is indicated at the top of the columns). NOTE: please ignore the adjustment: NCI share of income. Income Statement Big Sogar Little Salt Aggregated ELIMINATON DEPRECIAT INVENTORY INVESTMENT PLUSY INTRAGR DIVIDENDS Operating revenues 320 180 500 [18] Operating Expenses 192 84 276 (12) [19] Financial income and expenses 12 26 -14 [31] Income before taxes 140 210 TASES 56 90 [13] [20] [32] Net Income 84 120 MI share of income Balance Sheet Big Sugar Aggregated ELIMINATON INVESTMENT [3] DEPRECIAT PLUSV INVENTORY INTRAGR DIVIDENDS PPE (includes land) Goodwill [2] [10] [3] [15] Other Intangible Assets Investments [4] Deferred tax assets [5] [22] [34] Inventories [23] Receivables Other assets Total assets 754 308 0 20 190 0 60 120 56 70 34 36 Little Salt 416 180 0 10 0 0 136 20 70 1170 K88-88-8 488 30 190 196 140 126 Using the following worksheet, make the consolidation entries required below, needed to build the consolidated financial statements of group BigSugar - Little Salt as of December 31th, 2019 using the acquisition method (the adjustment is indicated at the top of the columns). NOTE: please ignore the adjustment: NCI share of income. Income Statement Big Sugar Little Salt Aggregated ELIMINATON DEPRECIAT INVENTORY INVESTMENT PLUSY INTRAGRI DIVIDENDS Operating revenues 13 320 500 [18] Operating Expenses 192 276 (12) [19] Financial income and expenses 12 -14 [31] Income before taser 140 210 Taxes 56 90 [13] [201 (32) Net Income 84 120 MI share of income Balance Sheet Big Sugar Aggregated ELIMINATON INVESTMENT DEPRECIAT INVENTORY PLUSV INTRAGR DIVIDENDS PPE (inclodes land) Goodwill [10] Other Intangible Assets [15] lavestments Deferred tas asets [14] [22] Inventories [23] Receivables Other assets Total asets Owners' equity Common stock Retained earnings Net income (24) MI share of equity Common stock and Ret earnings Nat income Liabiles Provisions Deferred tax liabilities (25) Trade and financial abilities Other lisbilities Total liabilities and equity 754 754 308 0 20 190 0 60 120 56 400 20 84 40 4 176 30 BERRIA 34 Little Salt 416 416 180 0 10 0 0 136 20 70 110 20 36 40 140 70 1170 1170 2-88-83 SEEEE 190 196 140 126 510 40 130 0 0 80 4 316 100 [1] [6] 171 101 [0] (11) (16) (17) E [34] [35] [36] [37] 725 out of 75 p REQUIRED: answer the question filling in the blank spaces as follows: A) first, place of B) then, place the number - Please note: If an item doesn't require variations, write 0 DO NOT LEAVE ANY BOX EMPTY Please note: do not use spaces, commas, dots. Just the algebraic sign and the number. Please note: If needed, please round to Euro units. Example: If the change is increase 45, then type the following: +45 On January 18, 2019, Company BigSugar acquired a 80 % stake in Company LittleSalt, paying a price of 190. The balance sheet of Little Salt at the date of the acquisition showed equity of 150. At the same date, tr values of all assets and liabilities of LittleSalt coincided with their book values, except for LAND: carrying amount 180, fair value 200 BRANDS: carrying amount 0, fair value 30; residual useful life is 5 years. The FV of Non-Controlling Interests is is to be computed using the acquisition method. The tax rate is equal to 50%. Any residual positive consolidation difference is registered as goodwill. I Moreover, the following transactions took place during 2019: BigSugar sold goods for cash to LittleSalt for 50, making a profit of 10 on the sale. At year end, none of the units purchased by LittleSall were resold to third parties. The related intragroup receivable/payable was entirely settled at year end. . Little Salt declared and paid Euro 20 cash dividends during the year. Using the following worksheet, make the consolidation entries required below, needed to build the consolidated financial statements of group BigSugar LittleSalt as of December 31th, 2019 using the acquisition method (the adjustment is indicated at the top of the columns). NOTE: please ignore the adjustment: NCI share of income. Question 19 ignore the adjustment: NCI share of income. Income Statement Big Sugar Little Salt Operating revenues 330 180 Operating Expenses 192 84 Financial income and expenses 12 Income before taar 140 70 Taxes 56 34 Net Income 84 36 MI share of income Balance Sheet Big Segar Little Sall Goodwill Other Intangible Assets Investments Deferred tax assets Inventories Receivables Oder sats Total assets Owners' equity Commen Hock Net inco Comueen sick and Ret earnings Lisbloes Provisions Deferred tax liabilities Trade and Sancial liabilities Other Eabilities Total Babilities and equity Specified Answer for: 18-50 Specified Answer for: 126 Specified Answer for: 1940 Specified Answer for: 31-16 Specified Answer for: 13 754 754 308 0 20 190 0 60 120 56 400 20 40 176 30 416 416 180 0 10 0 0 136 20 70 110 20 36 40 140 70 Aggregated 500 276 -14 216 90 120 Aggregated 1170 4 1170 488 0 188] 190 0 195 140 126 510 40 120 0 10 4 316 100 DEPRECIAT INVENTORY ELIMINATON INVESTMENT PLUSY INTRAGR [12] [19] [13] (20) ELIMINATON DEFRECIAT INVENTORY INVESTMENT PLUSV INTRAGE 111 121 [10] (15) (14) (23) [24] 555 SEE E [11] E (17) [25] DIVIDENDS (311 DIVIDENDS E (34) (35) [36] (37) On January 1st, 2019, Company BigSugar acquired a 80% stake in Company LittleSalt, paying a price of 190. The balance sheet of LittleSalt at the date of the acquisition showed equity of 150. At the same date, the fair values of all assets and liabilities of LittleSalt coincided with their book values, except for: LAND: carrying amount 180, fair value 200 BRANDS: carrying amount 0, fair value 30; residual useful life is 5 years. The FV of Non-Controlling Interests is is to be computed using the acquisition method. The tax rate is equal to 50%. Any residual positive consolidation difference is registered as goodwill. Moreover, the following transactions took place during 2019: . BigSugar sold goods for cash to LittleSalt for 50, making a profit of 10 on the sale. At year end, none of the units purchased by LittleSalt were resold to third parties. The related intragroup receivable/payable was entirely settled at year end. LittleSalt declared and paid Euro 20 cash dividends during the year. Using the following worksheet, make the consolidation entries required below, needed to build the consolidated financial statements of group BigSugar - LittleSalt as of December 31th, 2019 using the acquisition method (the adjustment is indicated at the top of the columns). NOTE: please ignore the adjustment: NCI share of income. Income Statement Big Sogar Little Salt Aggregated ELIMINATON DEPRECIAT INVENTORY INVESTMENT PLUSY INTRAGR DIVIDENDS Operating revenues 320 180 500 [18] Operating Expenses 192 84 276 (12) [19] Financial income and expenses 12 26 -14 [31] Income before taxes 140 210 TASES 56 90 [13] [20] [32] Net Income 84 120 MI share of income Balance Sheet Big Sugar Aggregated ELIMINATON INVESTMENT [3] DEPRECIAT PLUSV INVENTORY INTRAGR DIVIDENDS PPE (includes land) Goodwill [2] [10] [3] [15] Other Intangible Assets Investments [4] Deferred tax assets [5] [22] [34] Inventories [23] Receivables Other assets Total assets 754 308 0 20 190 0 60 120 56 70 34 36 Little Salt 416 180 0 10 0 0 136 20 70 1170 K88-88-8 488 30 190 196 140 126 Using the following worksheet, make the consolidation entries required below, needed to build the consolidated financial statements of group BigSugar - Little Salt as of December 31th, 2019 using the acquisition method (the adjustment is indicated at the top of the columns). NOTE: please ignore the adjustment: NCI share of income. Income Statement Big Sugar Little Salt Aggregated ELIMINATON DEPRECIAT INVENTORY INVESTMENT PLUSY INTRAGRI DIVIDENDS Operating revenues 13 320 500 [18] Operating Expenses 192 276 (12) [19] Financial income and expenses 12 -14 [31] Income before taser 140 210 Taxes 56 90 [13] [201 (32) Net Income 84 120 MI share of income Balance Sheet Big Sugar Aggregated ELIMINATON INVESTMENT DEPRECIAT INVENTORY PLUSV INTRAGR DIVIDENDS PPE (inclodes land) Goodwill [10] Other Intangible Assets [15] lavestments Deferred tas asets [14] [22] Inventories [23] Receivables Other assets Total asets Owners' equity Common stock Retained earnings Net income (24) MI share of equity Common stock and Ret earnings Nat income Liabiles Provisions Deferred tax liabilities (25) Trade and financial abilities Other lisbilities Total liabilities and equity 754 754 308 0 20 190 0 60 120 56 400 20 84 40 4 176 30 BERRIA 34 Little Salt 416 416 180 0 10 0 0 136 20 70 110 20 36 40 140 70 1170 1170 2-88-83 SEEEE 190 196 140 126 510 40 130 0 0 80 4 316 100 [1] [6] 171 101 [0] (11) (16) (17) E [34] [35] [36] [37]