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Posted on Jul 23, 2024

Situation Valor Impli $15,040.000 Casper Co. paid $5,040,000-for 80% for a interest in Daniela Cos net assets. The hook value and fair values of Daniela

Situation Valor Impli $15,040.000 Casper Co. paid $5,040,000-for 80% for a interest in Daniela Cos net assets. The hook value and fair values of Daniela Co's net and liabilities on January 1, 2021 as follows: 15,040,000/ 80% S18 Book Value Fair Value Assets Currwi Assets Cash Accounts Receivables Inventories Prepaid Expenses Total Current Assets Property: Plant and Equipment Land Building, net Equipment, net Total Property, Plant and Equipment Total Assets 2,200,000 2.100.000 3,000,000 600.000 7.900.000 2.200,000 2.100.000 3,600,000 600.000 8.500,000 2,700,000 4.500.000 3.600.000 10.800.000 18.700.000 5.100.000 6,000,000 1.500.000 12,600,000 21.100.000 3,400,000 600.000 4,000,000 3,400,000 600.000 4,000,000 3.000.000 7,000,000 3.000.000 7,600,000 Liabilities and Stockhollers' Essity Current Liabilities Accounts Payable Other Current Liabilities Total Current Liabilities Long-Term Dates Bonds Payable Total Liabilities Stockholders' Equity Capital Stock, Sio par value Retained Earings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Daniela Co's reported net income for 2021 and paid dividends Adilitional information 1. Sold inventory in 2021 2. Bonds payable, maturity in 5 years. 3. Building useful life - 4-years, 4. Equipment useful life - 5-years. 9,000,000 2.700.000 11.700.000 18.700.000 4,400,000 $1.500,000 (2 points) Instructions 1. Analyze the situation that is presented above identify how much is the controlling interest and the noncontrolling interest. Also in the analysis you must identify how much is the excess (8 points) 2. Prepare the journal entry to record purchases investment in Danicla Co for Casper Co 3. Prepare a schedule to allocate the investment differential relating to Casper Co. investment in Daniela Co, and calculate the goodwill (10 points) 4. Calculate the Controlling and Noncontrolling Income from Daniela Co. for 2021 5. Determine the balance of Casper's Co Investment in Daniela Co account at December 31, 2021 and the balance of noncontrolling interest at December 31, 2021. 5 points) (5 points) Situation Valor Impli $15,040.000 Casper Co. paid $5,040,000-for 80% for a interest in Daniela Cos net assets. The hook value and fair values of Daniela Co's net and liabilities on January 1, 2021 as follows: 15,040,000/ 80% S18 Book Value Fair Value Assets Currwi Assets Cash Accounts Receivables Inventories Prepaid Expenses Total Current Assets Property: Plant and Equipment Land Building, net Equipment, net Total Property, Plant and Equipment Total Assets 2,200,000 2.100.000 3,000,000 600.000 7.900.000 2.200,000 2.100.000 3,600,000 600.000 8.500,000 2,700,000 4.500.000 3.600.000 10.800.000 18.700.000 5.100.000 6,000,000 1.500.000 12,600,000 21.100.000 3,400,000 600.000 4,000,000 3,400,000 600.000 4,000,000 3.000.000 7,000,000 3.000.000 7,600,000 Liabilities and Stockhollers' Essity Current Liabilities Accounts Payable Other Current Liabilities Total Current Liabilities Long-Term Dates Bonds Payable Total Liabilities Stockholders' Equity Capital Stock, Sio par value Retained Earings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Daniela Co's reported net income for 2021 and paid dividends Adilitional information 1. Sold inventory in 2021 2. Bonds payable, maturity in 5 years. 3. Building useful life - 4-years, 4. Equipment useful life - 5-years. 9,000,000 2.700.000 11.700.000 18.700.000 4,400,000 $1.500,000 (2 points) Instructions 1. Analyze the situation that is presented above identify how much is the controlling interest and the noncontrolling interest. Also in the analysis you must identify how much is the excess (8 points) 2. Prepare the journal entry to record purchases investment in Danicla Co for Casper Co 3. Prepare a schedule to allocate the investment differential relating to Casper Co. investment in Daniela Co, and calculate the goodwill (10 points) 4. Calculate the Controlling and Noncontrolling Income from Daniela Co. for 2021 5. Determine the balance of Casper's Co Investment in Daniela Co account at December 31, 2021 and the balance of noncontrolling interest at December 31, 2021. 5 points) (5 points)