Some additional test 1 Suggested Problems. Before attempting problem #1 below, consider the following data from a recent Walt Disney Statement of Comprehensive Income. (Total Consolidated) Net Income (P's separate income +S' confirmed Net Income) 6636 (Total Consolidated) OCI (Other Comprehensive Income) 2110 (Total Consolidated) Comprehensive Income 8746 -MI in S'Confirmed Net Income (500) -MI in S'Confirmed OCI (31) P's % of (Consolidated) Comprehensive Income 8215 1. Consider the following information from the financial statements of Para Inc. and its 80%- owned subsidiary SIG Co. P S Separate income 450 Net income 300 Separate OCI 125 100 S-OCI (P's share) 80 Provide the following: a. Total Consolidated Net Income b. Consolidated OCI c. P's %, Consolidated OCI d. P's %, Consolidated Net Income e. Total Consolidated Comprehensive Income f. P's %, Consolidated Comprehensive Income CS 60 2. Assume the following data apply shortly after Perfunctory Co. acquires Serious, Inc.: P Co. (000s) S Co. (000s) Assets 400 200 Liabilities 250 100 75 APIC/OCC 50 30 RE 25 10 Passets have a fair value = 435k; S'identifiable assets have a fair value = 320k. P acquires 75% of S's outstanding voting stock for $165k cash. S'assets include pre-acquisition Goodwill of 40k, and P's assets and S' liabilities) reflect a loan P has made to S for 10k. The DOA consolidated Balance Sheet should show: a. identifiable assets b. liabilities c. Common Stock d. APIC/OCC e. RE f. Goodwill (algebraic)