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Sicle Co. 1,000s 70 105 Cash Accounts receivable Note rec. (from S) Inventory Land Equipment (net) Investment in S Company Investments in securities Goodwill (S
Sicle Co. 1,000s 70 105 Cash Accounts receivable Note rec. (from S) Inventory Land Equipment (net) Investment in S Company Investments in securities Goodwill (S Co.) Pop Co. 1,000s 100 224 150 125 250 450 496 145 100 145 230 1940 125 75 20 745 75 150 350 Accounts payable Note Pay. (to P) Common stock (CS) APIC Retained earnings 50 1200 200 415 1940 120 745 Consider the above book value data for P and S at DOA, after P buys 80% S'outstanding voting stock for 496k. Appraisers estimate that S'Equipment is worth 250, and SLand is worth 185. Note that S has borrowed 150 from P and has pre-acquisition Goodwill of 20. Provide the following [note check figures]: a. reported (consolidated) Popsicle assets[2139] b. reported (consolidated) Popsicle liabilities c. reported (consolidated) Popsicle Equipment d. reported (consolidated) Popsicle Land[435] e. reported (consolidated) Popsicle CS f. reported (consolidated) Popsicle Note Payable g. reported (consolidated) Popsicle Retained Earnings h. reported (consolidated) Popsicle Goodwill i. reported 'Noncontrolling Interest'[124] j. DOA - WP#1
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