acc311.4 - 500000 b) Cash 1000000 Loss on sale 1000000...

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1a) NCI Dividends 25000 x .1 2500 b) Consolidated Divdends 350000 350000 c) Investment 350000 Dividends Paid 350000 2a) Control premium per Share 20-15 5 per share b) Total Control premium 70000 x 5 350000 c) FV of controlling interest 70000 x 20 1400000 FV of noncontrolling interest 30000 x 15 450000 BFV 1850000 d) BFV 1850000 FVNAA 1200000 Goodwill 650000 e) FV CI 1400000 Less 70%:FVNAA 1200000 x .70 840000 Goodwill for CI 560000 Goodwill for NCI 650000 - 560000 90000 3a) NCI 1400000 x .20 280000 b) CI 1400000 x .80 1120000 4a) Cash 2500000             Investment 2000000             APIC
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Unformatted text preview: 500000 b) Cash 1000000 Loss on sale 1000000 Investment 2000000 5a) Cash 4000000 Investment 3000000 Gain on Sale 1000000 b) Cash 2500000 Loss on Sale 500000 Investment 3000000 2a) Recorded at FV 220000 3) Part of Acquisition Price paid by Parent to get shareholders to sell to obtain control 6) Allsports should not include pre acquisition revenue and expenses 2) D 3) C...
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This note was uploaded on 06/06/2011 for the course ECON 007 taught by Professor Bub during the Spring '11 term at CUNY Queens.

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