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chap4_prob 5_for posting - Consolidated amount 860,000...

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Problem 5 (a) Investment in Joy Corp. 424,000 Non-controlling interest 106,000 Total value of Joy Corp. 530,000 Therefore, Blue’s ownership % (424 / 530) 80% (b) The three consolidated accounts that are not equal to the sum of the book values of the parent and the subsidiary are plant and equipment, goodwill and inventory. Plant and equipment
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Unformatted text preview: Consolidated amount 860,000 Blue’s book value 440,000 Fair value of Joy’s plant and equipment 420,000 Goodwill Consolidated amount 150,000 Blue’s book value Fair value of Joy’s goodwill 150,000 Inventory Consolidated amount 345,000 Blue’s book value 105,000 Fair value of Joy’s inventory 240, 000...
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