Advance 2

Bon
NAPENTURA KeISTORER
20215o 291
hase
fureh
price (O1s % Date
Problemn 4-8
|0. oO0
fotal value Sid Company (lb0.000/9s) x 100
168. 421
ZBook Valwe
common Stock 120.00O
other Contibuuted Capital 10.00O
skainecl earnings
23. OOO
10tal Book Value
1S3.OOO

Goodwill
15.42I
-Controlling Interest (s%)
(13)
Pareer'S Share
|4. 65
Alet in Sid (I68,421 - 160.000) 8.421
Consoli dated InOme Statement

Parrer's Sid's Debit Kredit NCI Consolidate

Balace
Sales 260.0O0 80.000 340. 000
Dividend Income 19.000 19.000
Total Ini come 249.000 S. obo 3 40. oo0
1- expense:
130.oO0 40.00O 40.0oO
COGS
20. 0O0 14.00O 34. 000
other ex pense
S4.000 204.000
Total expenses |50.000
26.00O 136. O00
Net Income |29.0oO

Net Income çor NCT 1300 (1.300)

26.000 19.000 1300 134.00
Net Income 129.000

etained Earnings Staterment 40.000

40. O0O 23.000 23.000
Vpening Balance \9.000 1300
129.000 26.000
Net income (20.000)
(20.00o)(20.000 19.00O (1000)
DNidend declared 29.000 42.000 19.000 300 2.0.00O
Closing balance 49.000
 20215029|
Date

Parrer's company 4 consolidated Subsidiary

con Soll da tion worksheet
for year ende dec 3l,2014
Accounts Parker Sid Debit redit
cash 62.000 30.00O Totals
Receivables 3200o 29. 000
92.000
bl.000
Inventory 30.000 6.000 4o. o00
lovestment inS 160.00O 160.000
Plant q4 eauipment |05.000| 82.000
Land
29.000|34-000
184.000
63.000
Goodwil 1S. 42| 5.42|
Total Assets 418.00o 191. O06
464.42
Accounts payable 9.00O 12.000 31.000
other Liabilities 10.000 20.000 30.000
Common stock |l80. 0oD \20.000 120 00
other contibuted bo.00O 0.000 10. 000
180.00D
bo.000
Retained earnings 49.00O 29.0D0 42.000 19.000 300
NeI otjo\/1 1S4.700
8.421 8.421
NCI 21/i2/ 1? 8.42
8.421
Total Liabilities
equity |418.00o191. 000
464.42.1
consoli dat ed Petained earnings
Parrer Co :letained earnirgs 4/1/13 LÊ0.000
(t) Net tncome 129.00
(+) Subsidiary lncome (95 %) (260 000 x 95 ) 24. 700

(Dividend From sid eliminated 19.000

() Dividend declared 20.000
Retained Barnings 31/12/17 \^4.700
 202150291

D[:c
(on Soli da te lncome Statement
Parker. Sid Conso tdate
Sales 240.000 120.0O0
Debit
Kredt NCI Balance
360.oo
Dyidend lncome 19.00O
19.000
Total tncome 259.O00 |20.O00
360.O00
-<- expen se
COGS 1S5.000 S2.0O0
204-000
other expen ses 30.00O 18.o0
48.00O
Total expense 85.000 40.0O0 255-O0
Net lncome 4. o 0 SO.0O0
Net Income or NCI 2500
(2.sO0)
Net Income 44.00D SO. O0 (9. O00 4.2500 102.5O0

Petcinecd Earnings statement

Opening Balan ce |49.000 29.00O 29.00 5400 154.O0
Net Income 74.000 S0.00O0 |9.000 2500 102.5 O0
Divtdend Declared (20.000) (20.00o) 19-000 (20.000)
losing Balance 203.0oOl59.000 48.000 24.700 |-500 237.200

Opening balance 29.00O

Opening balance 23.00O

DFFerence 6. Oo0

Parrer share C95s ) S.00

C -
NCI in net inCome
50.000
Sid company netincome

NCI share in net tncome 2.. 50o

 202\50291

Porker's Company 4 con solidated Subsidiany

Consolidation Worksheet
For year enoed dec 312018
Accouts Parrer Sid Debit Credit NCI
cash 600o IG.000 TOtal
Receivable 32-000
83.000
Inventoy 38.00O 48.500 99.000
lovestent in s \60.0oO
Plat a S400 IS6.700 S5.50D
Equipment 124.o00 80.00O
Lând
29.000 34. 00O
204. 0D0
Gooduwil
1S.421
63.000
Total Assets tS. 42I
474.00 D 210.50O
S39. 9 2\
Accounts
Payable 16.000
Other t000
liabiities 15-000 |4.500
23.00O
Ca mn Stock
180.0D0 2o.000 h2000O
29.500
other Contributed 180.000
capital 6o.00O . o00 10. 000
Retained Earnirgs 203. o00 S9-000 48.000D 24.700 1500
bo.O0o.
234 2O0
8.42| 8421
NCI 31/i2/18
Total Liabiites A l0.22 10.22|
Eauity 444. 00o210.$00
539. 921
Conso ldate Retained earnings
Parrer co Petaneð earnings
(+) Net Income 1S4.7o
(+) Substdiary Income (9s 4.00o
%)(so.000 x 9s%) 44.5o
() Dividend From sid eliminate
dividend declared 19.000

Petained earnigs on 31/12/1 20.00O

237:00