1) FV PROP

Price paid 3,500,000.00

NCI 1,450,000.00 1,450,000.00 1,410,000.00
total 4,950,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00

goodwill 250,000.00

2)
Price paid 3,500,000.00
NCI 1,410,000.00 1,350,000.00 1,410,000.00
total 4,910,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00

goodwill 210,000.00

3)
Price paid 3,900,000.00
NCI 1,300,000.00 1,300,000.00 1,175,000.00
total 5,200,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00

goodwill 500,000.00

4) Price paid 3,200,000.00

NCI 2,000,000.00 2,000,000.00 1,880,000.00
total 5,200,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00
 goodwill 500,000.00

5) price paid 2,700,000.00

NCI 1,880,000.00 1,800,000.00 1,880,000.00
total 4,580,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00

bpg - 120,000.00
1)
Price paid 3,500,000.00
NCI 1,410,000.00
total 4,910,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00

goodwill 210,000.00

2)
Price paid 3,500,000.00
NCI 1,410,000.00
total 4,910,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00

goodwill 210,000.00

3)
Price paid 3,900,000.00
NCI 1,175,000.00
total 5,075,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00

goodwill 375,000.00

4) Price paid 3,200,000.00

NCI 1,880,000.00
total 5,080,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00
 goodwill 380,000.00

5) price paid 2,700,000.00

NCI 1,880,000.00
total 4,580,000.00

FVNAA
Asset 7,800,000.00
Liab - 3,100,000.00
total 4,700,000.00

bpg - 120,000.00
STEP 1 Parent Gratitude
Subsidiary Serenity

STEP 2 January 1, 2023

STEP 3-5
Cash 3,000,000
CS 2,000,000
APIC 1,000,000
FVCT 6,000,000
Less: FVNAA 4,700,000
Goodwill 1,300,000

STEP 6 -NOT APPLICABLE-

STEP 7 recognition of acquisition (sep fs)

Inv in Sub 6,000,000
Cash 3,000,000
CS 2,000,000
APIC 1,000,000
#

STEP 8 ARE (sep fs)

Acq Related Costs 200,000
APIC 100,000
Cash 300,000

STEP 9 eli entries (conso fs)

-against bv of she-
CS 1,800,000
APIC 1,000,000
RE 1,700,000
Inv in Subs 4,500,000
#
-against fv adj- cash
AR 100,000 AR
Inv 200,000 inv
Bldg 100,000 land
AD 400,000 bldg
BP 100,000 AD
Land 200,000 TM
TM 300,000
CL 200,000 Cl
Inv in Subs 200,000 bp
 #
-against gw-
GW 1,300,000
Inv in Subs 1,300,000
#

STEP 10
ASSETS Gratitude Serenity Adju
Cash 3,700,000 400,000 -
AR 2,000,000 300,000 100,000
Inv 3,000,000 1,000,000 200,000
Land 5,000,000 3,000,000 - 200,000
Bldg 3,500,000 2,400,000 100,000
AD - 500,000 - 400,000 400,000
TM - 800,000 - 300,000
Inv in Sub 6,000,000 - - 6,000,000
GW - - 1,300,000
Total Assets 22,700,000 7,500,000

LIABILITIES AND SHE

CL 3,000,000 1,000,000 200,000
BP 5,000,000 2,000,000 - 100,000
CS 8,000,000 1,800,000 - 1,800,000
APIC 2,900,000 1,000,000 - 1,000,000
RE 3,800,000 1,700,000 - 1,700,000
Total 22,700,000 7,500,000 - 4,400,000
 -
100,000
200,000
- 200,000
100,000
400,000
- 300,000 300,000

200,000
- 100,000 100,000
 200,000

CONSO
4,100,000
2,400,000
4,200,000
7,800,000
6,000,000
- 500,000
500,000
-
1,300,000
25,800,000

4,200,000
6,900,000
8,000,000
2,900,000
3,800,000
25,800,000
STEP 1 Parent Gratitude
Subsidiary Serenity

STEP 2 January 1, 2023

STEP 3-5 FULL PARTIAL FV

Cash 2,500,000.00 2,500,000.00
CS 1,000,000.00 1,000,000.00
APIC 500,000.00 500,000.00
FVCT 4,000,000.00 4,000,000.00
NCI 1,000,000.00 940,000.00 1,000,000.00
TOTAL FVCT 5,000,000.00 4,940,000.00
Less: FVNAA 4,700,000.00 4,700,000.00
GW 300,000.00 240,000.00

STEP 6 FULL Full Parent NCI

Total FVCT 5,000,000.00 4,000,000.00 1,000,000.00
Less: BV of SHE - 4,500,000.00 - 3,600,000.00 - 900,000.00
All exc 500,000.00 400,000.00 100,000.00
Less: FV adj - 200,000.00 - 160,000.00 - 40,000.00
GW 300,000.00 240,000.00 60,000.00

STEP 7 Inv in Subs 4,000,000.00

Cash 2,500,000.00
CS 1,000,000.00
APIC 500,000.00
#

STEP 8 ARC 200,000.00

APIC 100,000.00
Cash 300,000.00
#

STEP 9
CS 1,800,000.00
APIC 1,000,000.00
RE 1,700,000.00
 Inv in Subs 3,600,000.00
NCI 900,000.00
#

AR 100,000
Inv 200,000
Bldg 100,000
AD 400,000
BP 100,000
Land 200,000
TM 300,000
CL 200,000
Inv in Subs 160,000.00
NCI 40,000.00
#

GW 300,000.00
Inv in Subs 240,000.00
NCI 60,000.00
#

STEP 10

ASSETS
Cash 4,200,000.00 400,000.00 -
AR 2,000,000.00 300,000.00 100,000.00
Inv 3,000,000.00 1,000,000.00 200,000.00
Land 5,000,000.00 3,000,000.00 - 200,000.00
Bldg 3,500,000.00 2,400,000.00 100,000.00
Accu - 500,000.00 - 400,000.00 400,000.00
TM - 800,000.00 - 300,000.00
Inv in sub 4,000,000.00 - 4,000,000.00
GW - 300,000.00
Total 21,200,000.00 7,500,000.00

LIAB + SHE
CL 3,000,000.00 1,000,000.00 200,000.00
BP 5,000,000.00 2,000,000.00 - 100,000.00
CS 7,000,000.00 1,800,000.00 - 1,800,000.00
APIC 2,400,000.00 1,000,000.00 - 1,000,000.00
RE 3,800,000.00 1,700,000.00 - 1,700,000.00
NCI 1,000,000.00
Total 21,200,000.00 7,500,000.00 - 3,400,000.00
Prop

940,000.00

cash - PARTIAL
AR 100,000 Total FVCT
inv 200,000 Less: BV of SHE
land - 200,000 All exc
bldg 100,000 Less: FV adj
AD 400,000 GW
TM - 300,000 300,000

Cl 200,000
bp - 100,000 100,000
200,000

Inv in Subs
Cash
CS
APIC
#

ARC
APIC
Cash
#

CS
APIC
RE
 Inv in Subs
NCI
#

AR
Inv
Bldg
AD
BP
Land
TM
CL
Inv in Subs
NCI
#

GW
Inv in Subs

ASSETS
4,600,000.00 Cash
2,400,000.00 AR
4,200,000.00 Inv
7,800,000.00 Land
6,000,000.00 Bldg
- 500,000.00 Accu
500,000.00 TM
- Inv in sub
300,000.00 GW
25,300,000.00 Total

LIAB + SHE
4,200,000.00 CL
6,900,000.00 BP
7,000,000.00 CS
2,400,000.00 APIC
3,800,000.00 RE
1,000,000.00 NCI
25,300,000.00 Total
 Parent NCI
4,940,000.00 4,000,000.00 940,000.00
- 4,500,000.00 - 3,600,000.00 - 900,000.00
440,000.00 400,000.00 40,000.00
- 200,000.00 - 160,000.00 - 40,000.00
240,000.00 240,000.00 -

4,000,000.00
2,500,000.00
1,000,000.00
500,000.00

200,000.00
100,000.00
300,000.00

1,800,000.00
1,000,000.00
1,700,000.00
 3,600,000.00
900,000.00

100,000
200,000
100,000
400,000
100,000
200,000
300,000
200,000
160,000.00
40,000.00

240,000.00
240,000.00

4,200,000.00 400,000.00 - 4,600,000.00

2,000,000.00 300,000.00 100,000.00 2,400,000.00
3,000,000.00 1,000,000.00 200,000.00 4,200,000.00
5,000,000.00 3,000,000.00 - 200,000.00 7,800,000.00
3,500,000.00 2,400,000.00 100,000.00 6,000,000.00
- 500,000.00 - 400,000.00 400,000.00 - 500,000.00
- 800,000.00 - 300,000.00 500,000.00
4,000,000.00 - 4,000,000.00 -
- 240,000.00 240,000.00
21,200,000.00 7,500,000.00 - 3,460,000.00 25,240,000.00

3,000,000.00 1,000,000.00 200,000.00 4,200,000.00

5,000,000.00 2,000,000.00 - 100,000.00 6,900,000.00
7,000,000.00 1,800,000.00 - 1,800,000.00 7,000,000.00
2,400,000.00 1,000,000.00 - 1,000,000.00 2,400,000.00
3,800,000.00 1,700,000.00 - 1,700,000.00 3,800,000.00
940,000.00 940,000.00
21,200,000.00 7,500,000.00 25,240,000.00
1) Parent Excel
Subsidiary Spreadsheet

2) Date January 1 2023

3-5) Full Partial fv

FVCT 200,000.00 200,000.00
NCI 120,000.00 84,000.00 120,000.00
Total 320,000.00 284,000.00
Less: FVNAA 210,000.00 220,000.00
GW(BPG) 110,000.00 64,000.00

6) Total Parent NCI

FVCT 320,000.00 200,000.00 120,000.00
BV of SHE - 210,000.00 - 126,000.00 - 84,000.00
All. Exc. 110,000.00 74,000.00 36,000.00
FV Adj - 40,000.00 - 24,000.00 - 16,000.00
Goodwill existing 40,000.00 24,000.00 16,000.00
Goodwill 110,000.00 74,000.00 36,000.00

items 7-8 not applicable since sep fs na ang given

9) Elimination entries

against bv of SHE
CS 100,000.00
APIC 60,000.00
RE 50,000.00
Inv in Subsidiary 126,000.00
NCI 84,000.00
#

against fv adj
Inv 10,000.00
PPE 40,000.00
In-P-R&D 20,000.00
LTL 20,000.00
AR 20,000.00
CL 30,000.00
Inv in Subs 24,000.00
NCI 16,000.00
#

against gw
GW 70,000.00 70.00
Inv in sub 50,000.00
NCI 20,000.00
10) EXCEL COMPANY
CONSOLIDATED STATEMENT OF FIN POS
JAN 1 2023
ASSETS Excel SS Adjustment
Cash 250,000.00 100,000.00 -
AR 150,000.00 50,000.00 - 20,000.00
Inv 200,000.00 90,000.00 10,000.00
PPE 400,000.00 120,000.00 40,000.00
InPRD - - 20,000.00
Goodwill - 40,000.00 70,000.00
Inv in subs 200,000.00 - - 200,000.00
Total 1,200,000.00 400,000.00

LIAB AND SHE

CL 200,000.00 20,000.00 30,000.00
LTL 300,000.00 170,000.00 - 20,000.00
CS 400,000.00 100,000.00 - 100,000.00
APIC 100,000.00 60,000.00 - 60,000.00
RE 200,000.00 50,000.00 - 50,000.00
NCI 120,000.00
prop

84,000.00

FV adj
Cash -
AR - 20,000.00
Inv 10,000.00
PPE 40,000.00
InPR&D 20,000.00 50,000.00

CL 30,000.00
LTL - 20,000.00 10,000.00
40,000.00
OS

Consolidated
350,000.00
180,000.00
300,000.00
560,000.00
20,000.00
110,000.00
-
1,520,000.00

250,000.00
450,000.00
400,000.00
100,000.00
200,000.00
120,000.00
1,520,000.00