6. What is the consolidated balance for investment at December 31, 2020? ...

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Accounting

6. What is the consolidated balance for investment at December 31, 2020?

7. What is the consolidated balance for equiy in income of Gardena at December 31, 2020?

8. What is the consolidated balance for dividend declared at December 31, 2020?

9. What is the net income attributable to noncontrolling interests of Gardena at December 31, 2020?

10. What is the net income attributable to controlling interests of Gardena at December 31, 2020?

11. What is the amount of Non-Controlling Interest at December 31, 2020?

Can you please write separate those questions ans for my better understanding. I have a chart from different post for this question. so i just need those questions ans. Thank you.

, Inc., acquires 80 percent of the outstaniding common stock of Gardena corporation on January 1, 2020, in exchange for $900,000 cash.

At the acquisition date, Gardena's total fair value, including the noncontrolling interest, was assessed at $1,125,000. Also at the acquisition date,

Gardena's book value was $690,000.

Several individual items on Gardena's financial records had fair values that differed from their book values as follows:

Book value

Fair value

Trademark (indefinite life)

$360,000 $383,000

Property and equipment (net, 8-year remaining useful life)

290,000 330,000

Patent (14-year remaining useful life)

132,000 272,000

For internal reporting purposes, Carson, inc., employs the equity method to account for this investment. The following account balances are for the year

ending December 31, 2020, for both companies. At year-end, there were no intra-entity receivables or payables.

Carson Gardena

Revenues

($1,400,000) ($825,000)

Cost of goods sold

774,000 395,750

Depreciation expense

328,000 36,250

Amortization expense

0 28,000

Equity in income of Gardena

($280,000) 0

Net income

($578,000) ($365,000)

Retained earnings (1/1/2020)

($1,275,000) ($530,000)

Net income

($578,000) ($365,000)

Dividends declared

300,000 50,000

Retained earnings (12/31/2020)

($1,553,000) ($845,000)

Current assets

$860,000 $432,250

Investment in Gardena

1,140,000 0

Trademark

240,000 360,000

Property and equipment (net)

1,030,000 253,750
Patents 0 104,000

Total assets

3,270,000 1,150,000

Accounts payable

($142,000) ($145,000)

Common stock

($300,000) ($120,000)

Additional paid-in capital

($1,275,000) ($40,000)

Retained earnings (12/31/2020)

($1,553,000) ($845,000)

Total liabilities and equities

($3,270,000) ($1,150,000)

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