Q41 Business Combi

On January 02, 2021, Parent Corporation purchased 80% of SUBSIDIARY Company's ordinary shares for P648,000. P30,000 of the excess (aggregate of consideration and NCI over the book value of net assets) is attributable to goodwill and the balance to an equipment with an economic life of ten years. Non-controlling interest is measured at its fair value on date of acquisition. On the date of acquisition, stockholders' equity of the two companies were as follows: PARENT Corporation SUBSIDIARY Company Ordinary shares P1,050,000 P240,000 Retained earnings 1,560,000 P420,000 On December 31, 2021, SUBSIDIARY Company reported net income of P105,000 and paid dividends of P36,000 to Parent. Parent reported earnings from its own operations of P285.000 and paid dividends of P183,000. Goodwill had been impaired and should be reported at P20,000 on December 31, 2021. (INPUT YOUR ANSWERS IN FIGURES. DO NOT PUT ANY COMMA, PESO SIGN, DECIMALS, AND EXTRA SPACES) 1. What is the non-controlling interest in proht of SUBSIDIARY Company on December 31, 2021? 2. What is the consolidated proht attributable to parent's shareholders on December 31, 2021? 3. What amount of non-controlling interest is presented in the consolidated statement of financial position on December 31, 2021