Comprehensive Dividends

Income Paid BLACKPINK

2018 70,000.00 10,000.00 Operating revenues 310,000.00
2019 80,000.00 40,000.00 Expenses 198,000.00
2020 50,000.00 20,000.00 Equipment - net 320,000.00
Buildings - net 220,000.00
Common stock 290,000.00
Retained earnings, end 410,000.00

BLACKPINK
 YG INC.
104,000.00
74,000.00
50,000.00
68,000.00
50,000.00
160,000.00

YG INC.
 Current assets
Noncurrent assets
Investment in YG Inc.
Current liabilities
Common stock, P10 par
Retained earnings
Dividend income
Dividends declared
NCI in NA
Sales
Consideration 250,000.00 312,500.00 Expenses
NCI in NA 62,500.00 62,500.00 NCI in CI
Total 312,500.00
Less: BV of NIA 250,000.00
Fixed Asset 62,500.00
WP Entries:

(1) Common stock - YG

Retained earnings - YG
Investment in YG Inc.
(2) NCI in NA
To eliminate equity accounts/ establ

Noncurrent assets
Investment in YG Inc.
(3) NCI in NA
To allocate excess to fixed assets

Dividend income
NCI in NA
(4) Dividends declared - YG
To eliminate intercompany accounts

Depreciation
(5) Noncurrent assets
To adjust noncurrent asset

NCI in CI
NCI in NA
To record net income attributable to

Sales
Expenses
Adjustments
Adjusted CI
Attributable to parent
Attributable to NCI
 DOA
BP YG Dr Cr Conso Dr
60,000 130,000 - - 190,000 -
294,000 180,000 62,500 - 536,500 62,500
250,000 - 250,000 - -
60,000 40,000 - - 100,000 -
300,000 100,000 100,000 300,000 100,000
200,000 150,000 150,000 200,000 150,000
4,000 4,000
5,000
62,500 62,500 1,000
150,000 100,000 -
110,000 75,000 6,250
3,750

312,500 312,500 327,500

TOTAL ASSETS
100,000.00 CONSO RE
150,000.00 NCI IN NA
in YG Inc. 200,000.00 NCI IN CI
50,000.00
quity accounts/ establish NCI in NA

62,500.00
in YG Inc. 50,000.00
12,500.00
cess to fixed assets

4,000.00
1,000.00
declared - YG 5,000.00
ntercompany accounts

6,250.00
6,250.00
urrent asset

3,750.00
3,750.00
income attributable to NCI

100,000.00
75,000.00
6,250.00
18,750.00
15,000.00
3,750.00
 SDOA Current assets
Cr Conso Noncurrent assets
- 190,000
6,250 530,250 Total
250,000 -
- 100,000
300,000
200,000
-
5,000 -
66,250 65,250
- 250,000
- 191,250
- 3,750

327,500

720,250
255,000
65,250
3,750
100,000.00 Current liabilities 50,000.00
200,000.00 Common stock, P10 par 100,000.00
Retained earnings 150,000.00
300,000.00 Total 300,000.00
 BP YG Dr
Statement of Comprehensive Income
Sales 150,000 100,000
Dividend income 4,000 - 4,000
Expenses 110,000 75,000 6,250
Net Income/ CNI 44,000 25,000
NCI in CI - - 3,750
CI to RE 44,000 25,000

Statement of Retained Earnings

RE, beg. 200,000 150,000 150,000
CI from above 44,000 25,000
Dividends declared - 5,000
RE, end. 244,000 170,000

Statement of Financial Position

Current assets 60,000 130,000
Noncurrent assets 294,000 180,000 62,500
Investment in YG Inc. 250,000
Total assets 604,000 310,000

Current liabilities 60,000 40,000

Common stock, P10 par 300,000 100,000 100,000
RE, from above 244,000 170,000
NCI in NA - - 1,000
Total L& E 604,000 310,000
327,500
 Cr Conso

250,000
-
191,250
58,750
- 3,750 NCI in CI
55,000

200,000
55,000
5,000 -
255,000 Consolidated RE

190,000
6,250 530,250
250,000 -
720,250 Consolidated Total Assets

100,000
300,000
255,000
66,250 65,250 NCI in NA
720,250
327,500