b)Determine the amounts at which the above assets (plus goodwill, if any) will appear on the consolidated balance sheet
please do parts a and b with work.
Homework Answers
Here fir consolidated balancesheet all assets will appear at thier fair value
Asset. Parent share. NCI. Entire value
Inventory. 28160 7040 35200
Other current assets. 43440. 10860 54300
Equipment 284880. 71220 356100
Land. 159280 39820 199100
Calculation of Goodwill
Payment for parent share – Fair value of assets for parent share
=262600 – 515760
= –253160
Note: Since fair value of assets is more than payment made for share so there is no goodwill.
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b)Determine the amounts at which the above assets (plus
goodwill, if any) will appear on the...
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Answers needed for each part with step by step
solution thanks ☺
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