Reference no: EM132681198
Problem - On January 2, 2012, D Corporation purchased 80% of the outstanding shares of C Company for P4.750,000. At that date, C had P4,000,000 of ordinary shares outstanding and retained earnings of P1,600,000.
C's equipment with a remaining life of 5 years had a book value of P2,250,000 and a fair value of P2,630,000. C's remaining assets had book values equal to their fair values.
All intangibles except goodwill are expected to have remaining lives of 8 years.
The income and dividend figures for both D and Care as follows: Net income of D in 2012 is P900,000; 2013 is P1,100,000. Net income of C in 2012 is P340,000; 2013 is P510,000.
Dividends of D in 2012 is P220,000; 2013 is P390,000. Dividends of C in 2012 is P70,000; 2013 is P130,000.
D's retained earnings balance at the date of acquisition was P3,450,000.
Required - How much is the consolidated retained earnings attributable to controlling interest in 2013?
A. P5,272,400
B. P5,333,200
C. P5,238,400
|
What internal control procedure would best prevent
: What internal control procedure(s) would best prevent or detect the following problems? A production employee stole items of work-in-process inventory
|
|
Ideas for the top three career development activities
: Post your ideas for the top three (3) career development activities that you think organizations should provide for their employees
|
|
Critically evaluate hillberg-berk resources
: Identify and critically evaluate Hillberg & Berk's resources and capabilities using relevant BB835 frameworks and concepts.
|
|
COMP 0322 Digital Media Production Assignment
: COMP 0322 Digital Media Production Assignment Help and Solution, Middle East College - Assessment Writing Service - efficient distribution of digital media
|
|
How much is the consolidated retained earnings
: D's retained earnings balance at the date of acquisition was P3,450,000. How much is the consolidated retained earnings attributable to controlling interest
|
|
How much of first payment larry include in gross income
: Larry received the ?rst annuity payment of $1,500 this month. How much of the first payment should Larry include in gross income
|
|
Demonstrate how to manage data within organisations
: Demonstrate how to manage data within organisations, teams and projects. Investigate techniques on how to collect, store, clean and manipulate data
|
|
How much was cash from financing
: Cash from operations was positive $450,000 and cash from investing was negative $490,000. How much was cash from financing
|
|
Record the standard cost of materials
: Standard price times actual amount of materials used 1,413,950. Record the standard cost of materials used and the materials efficiency variance
|