3-3 worksheet solution

3-3 worksheet solution - Exercise 3-3 Common Information...

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Exercise 3-3 Common Information Ownership Interest Price Paid Cash Acquired Company's Balance Sheet Before Purchase Book Value Life Assets Current Assets $100,000 $100,000 Depreciable Assets $200,000 $262,500 Goodwill Total Assets $300,000 $362,500 Company Value Parent Price NCI Fair Value of Subsidiary $312,500 $250,000 $62,500 Common Stock $100,000 Paid in Excess Retained Earnings $150,000 Total Equity $250,000 $200,000 $50,000 Interest Acquired 80% 20% Book Value $62,500 $50,000 $12,500 Accounts Adjusted Number of Shares Market Price per Share Market Value Determination and Distribution of Excess Schedule Less Book Value of Interest Acquired Excess of Cost over Book Value Worksheet Distribution
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Fixed Assets $62,500 Total $62,500 Amortization Schedule Account Adjusted Life Current Year $10 $6,250 Total Amortizations Income Distribution Schedules Subsidiary $25,000 Amortizations $6,250 Total $18,750 NCI Share $3,750 Parent $40,000 Controlling Share of Subsidiary $15,000 $58,750 Total
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3-3 worksheet solution - Exercise 3-3 Common Information...

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