Show the calculations for P and noncontrolling interest (NCI) of the following: a....
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Show the calculations for and noncontrolling interest NCI of the following: a goodwill allocation between and NCI b ending investment balances of Ps investment in and NCI's investment in c the amount of annual excess amortization and the ending net amount for assets d the allocation of Ss net income to and NCI e the allocation of dividends declared by to and NCI f deferred and subsequent recognition of gross profit from intraentity sales for the consolidation entries needed in preparing the consolidation worksheet and On Y P Inc., paid $ for of Ss total outstanding common stock when Ss book value on Y consisted of common stock of $ and retained earnings of $ The fair value of the noncontrolling interest was $ S held patents a year remaining life undervalued in Ss books by $ and an unrecorded customer list year remaining life at a $ fair value. Accounting under the equity method for this combination and no goodwill impairment has occurred. P lent $ to on Y The individual financial statements for these two companies as of :
Show the calculations for and noncontrolling interest NCI of the following:
a goodwill allocation between and NCI
b ending investment balances of Ps investment in and NCI's investment in
c the amount of annual excess amortization and the ending net amount for assets
d the allocation of Ss net income to and NCI
e the allocation of dividends declared by to and NCI
f deferred and subsequent recognition of gross profit from intraentity sales for the consolidation entries needed in preparing the consolidation worksheet and
On Y P Inc., paid $ for of Ss total outstanding common stock when Ss book value on Y consisted of common stock of $ and retained earnings of $ The fair value of the noncontrolling interest was $
S held patents a year remaining life undervalued in Ss books by $ and an unrecorded customer list year remaining life at a $ fair value. Accounting under the equity method for this combination and no goodwill impairment has occurred. P lent $ to on Y
The individual financial statements for these two companies as of :
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