Peter total comprehensive income from own P

operations 500,000
Sally total comprehensive income from own operations 262,500
Unrealized gain (40,000)
Realized gain 6,000
Total comp. income attributable to NCI (P262,500 x (52,500)

20%)
Consolidated total comprehensive income attributable P676,000
to parent

59.

NCI at fair value (P1,000,000/80%) x 20% P250,000

Price paid (parent), 1,000,000

1,250,000
Total 1,000,000
P250,00
Less book value of net assets – Sally, 1/1/08 0

Goodwill 60.

Total comprehensive income from own operations – Pedro P170,000

Unrealized profit in ending inventory [(25%/125%)xP18,000] (3,600)
Realized profit in beginning inventory (20% x 15,000)

Adjusted total comprehensive income

Total comprehensive income from own 103,000

operations - Sally

Unrealized gain on sale of machine (15,000)

Realized gain on sale of machine 3,000 91,000

260,400
Consolidated total comprehensive income 18,200
P242,200
Attributable to NCI (20% c P91,000)

Attributable to controlling interest