Reference no: EM132632197
Question - The balance sheet of Palma Enterprises and Selda Company at December 31, 2016 are summarized below:
Accounts Palma Selda
Assets P5,000,000 P2,000,000
Liabilities 1,500,000 500,000
Capital stock, P40 par 2,500,000
Capital stock, P25 par 1,000,000
Retained earnings 1,000,000 500,000
At the date of acquisition, Selda's net assets are understated while its liabilities are fairly valued.
On January 1, 2017, Palma purchased 80% of Selda Company's outstanding shares for P2,000,000, when the fair value of Selda's net assets was P2,200,000. Palma issued 10,000 previously unissued shares in consideration of the acquisition. Palma is to assign an amount to the non-controlling interest at the date of acquisition based on the total fair value of Selda's outstanding shares.
Required - How much is the stockholders' equity in the consolidated balance at January 1, 2017?
|
Strategic choices and deciding on strategy
: Examine the nature of a strengths, weaknesses, opportunities, and threats (SWOT) analysis. Examine the concept of product life cycle analysis.
|
|
Record these events in the general journal of OZ Ltd
: Record these events in the general journal of OZ Ltd in accordance with the requirement of AASB 2 'Share-based Payment'
|
|
Health records management
: Explain the difference between authorization and consents, and their implications on the release of different types of patient information.
|
|
How much is the legal capital of the company
: Question - The stockholders' equity of May Co. revealed the following on January 1, 2019: How much is the legal capital of the company
|
|
How much is the stockholders equity in consolidated balance
: Palma issued 10,000 previously unissued shares in consideration of the acquisition. How much is the stockholders equity in consolidated balance
|
|
What is your opinion concerning physician-assisted suicide
: Briefly describe the state of maryland position on physician-assisted suicide. What is your opinion concerning physician-assisted suicide?
|
|
End-of-life advance directives does your jurisdiction allow
: What types of end-of-life advance directives does your jurisdiction allow? What factors contributed to you selecting the specific document that you completed?
|
|
Calculate the amount of goodwill recognized at January
: On January 1, 2017, Palma purchased 80% of Selda Company's outstanding shares for P2,000,000, Calculate the amount of goodwill recognized at January
|
|
Determine the dollar value of cash provided
: Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number
|