21150 CNI attributable to the controlling interest CI CNI Profit attributable

21150 cni attributable to the controlling interest ci

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21,150 CNI attributable to the controlling interest (CI-CNI)/ Profit attributable to equity holders of parent…………………. P372,850 * It should be noted that the phrase without regard for this investment means that excluding any income arising from investment in subsidiary (i.e., dividend income). 120. d – Economic Unit or Entity Concept (as required by PFRS 10) Net income from own/separate operations P Company P 500,00 0 S Company 100,00 0 Total P600,0 00 Less: Non-controlling Interest in Net Income* P20,00 0 Amortization of allocated excess 0 Goodwill impairment (impairment under full-goodwill approach) _ 0 20,000 Controlling Interest in Consolidated Net Income
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or Profit attributable to equity holders of parent………….. P580,0 00 Add: NCINI __20,0 00 CNI - entity concept P600,0 00 *Non-controlling Interest in Net Income (NCINI) for 20x4 Net income of S Company P100,0 00 Less: Amortization of allocated excess ______ _0 P100, 000 Multiplied by: Non-controlling interest % .......... 20% Non-controlling Interest in Net Income (NCINI) for 20x4 P 20,000 121. c – Parent Company Concept – Parent’s Net Income only (not required by PFRS 10) Net income from own/separate operations P Company P 500,00 0 S Company 100,00 0 Total P600,0 00 Less: Non-controlling Interest in Net Income* P 20,000 Amortization of allocated excess 0 Goodwill impairment (impairment under full-goodwill approach) _ 0 20,000 CNI - entity concept P580,0
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00 *Non-controlling Interest in Net Income (NCINI) for 20x4 Net income of S Company P100,0 00 Less: Amortization of allocated excess ______ _0 P100, 000 Multiplied by: Non-controlling interest % .......... 20% Non-controlling Interest in Net Income (NCINI) for 20x4 P 20,000 122. b Net Income from own operations: 20x420x5 Parent …………………………………………………P 100,000 P100,000 Subsidiary……………………………………………... 25,000 35,000 P125,000 P135,000 Subsidiary’s other comprehensive income…………..5,000 10,000 Total Comprehensive Income……………………… ..... P130,000 P145,000 Less: Amortization of allocated excess…………….… 6,250 6,250 Impairment of full- goodwill (if any)…………. 0 0 Consolidated /Group Comprehensive Income…… P123,750 P138,750 Less: Non-controlling interest in Comprehensive
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Income *…………………………………………… 4,750 7,750 Controlling Interest in Consolidated __________________ Comprehensive Income …. …………………………P119,000 P131,000 *Non-controlling interest in Comprehensive Income: 20x420x5 Subsidiary’s: Net income from own operations………… ....... P 25,000 P 35,000 Other Comprehensive Income (P30,000 – P25,000)…………………………….…………... 5,000 10,000 Subsidiary’s Comprehensive Income………… ........ P 30,000 P45,000 Less: Amortization of allocated excess*………….. 6,250 6,250 Impairment of full-goodwill (if any) .... ………. 0 0 P 23,750 P 38,750 x: Non-controlling interests……………………………. 20 % 20 % Non-controlling interest in Comprehensive IncomeP 4,750P 7,750 *Amortization of allocated excess: Increase in other intangibles: P50,000 / 8 years = P 6,250 123. c – refer to No. 122 124. c – refer to No. 122 125. b- refer to No. 122 126. d Inventory – not yet sold in 20x4 P 0 Building: (P390,000 – P200,000)/ 10 years 19,000 Equipment (P280,000 – P350,000)/ 5 years ( 14,000) P 5,000 127. c Plochman’s acquisition entry is:
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