Professional Documents
Culture Documents
Bandoja
P14-10 a)
Determination and Allocation of Excess Schedule
Parent (100%) NCI (0%)
Total Consideration 542,000 542,000 -
Less: Book value of Interest
Common Stock 200,000
Retained Earnings 470,000
670,000 670,000 180,000
P14-11 2)
Determination and Allocation of Excess Schedule
Parent (100%) NCI (0%)
Total Consideration 1,900,000 1,900,000 -
Less: Book value of Interest
Common Stock 600,000
Retained Earnings 840,000
1,440,000 1,440,000 -
Entries:
Common Stock - Santos 200,000
Retained Earnings - Santos 470,000
Investment in Santos 670,000
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Inventory 10,000
Land 40,000
Investment in Santos 128,000
Long-term investment 15,000
Equipment 20,000
Retained earnings - Perez 173,000
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