Beruflich Dokumente
Kultur Dokumente
Consolidated
Date of acquisition
Ate
Parent
MINA
Bunso
80% Ate
20% MINA
Therefore:
Parent
IMI
DMI
75%
25%
60%
15%
25%
Goodwill computation
Net book value, Ate
Excess of FMV over cost
Inventory
Plant assets
FMV of net assets
Acquisition cost
FMV of NCI
Goodwill
Books of Mama
Dr
Investment in Ate
Cr
Cash
218,640.00
(218,640.00)
Dr
Dr
Dr
Cr
Cr
Common stock
APIC
Retained earnings
Investment in Ate
NCI- Ate
Dr
Dr
Dr
Cr
Cr
Inventory
Plant assets
Goodwill
Investment in Ate
NCI- Ate
Books of Ate
Goodwill computation
Net book value, Ate
Excess of FMV over cost
Inventory
Land
Plant assets
FMV of net assets
Acquisition cost
FMV of NCI
Gain on bargain purchase
Dr
Cr
Investment in Bunso
Cash
129,050.00
(129,050.00)
Dr
Dr
Dr
Cr
Cr
Common stock
APIC
Retained earnings
Investment in Ate
NCI- Bunso
Dr
Dr
Dr
Cr
Cr
Cr
Inventory
Plant assets
Land
Other income - negative goodwill
Investment in Bunso
NCI
Check figure
Investment in Ate, combined
WPEEs
WPEE 1
WPEE 2
30-Jun-06
Investment in Ate
Dr Common stock
Dr APIC
Dr Retained earnings
Dr Inventory
Dr Plant assets
Dr Goodwill
Cr Investment in Ate
Cr NCI - Ate
< to eliminate investment in Ate>
18,400.00
1,600.00
16,800.00
80%
20%
80%
20%
Dr Investment in Ate
Cr Goodwill
<impairment of investment - assuming goodwill is impaired>
Investment in Bunso
Dr Common stock
Dr APIC
Dr Retained earnings, beg (Bunso)
Dr Inventory
Dr Building
Dr Land
Cr Retained earnings, beg (Conso)
Cr Investment in Bunso
Cr NCI - Bunso only
< to eliminate investment in Bunso>
Postacq ni Bunso
Reported
Adustments
Inventory
PPE
NCI - Ate
NCI - Bunso
(2,160.00) (3,600.00)
150.00
150.00
250.00
250.00
60%
15%
(1,860.00)
(3,100.00)
(4,960.00)
Intercompany transaction
1
Sales by Ate to Mama invoiced at cost plus 33 1/3 were P120,000
Sales
Cost of goods sold
profit
120,000.00
90,000.00
30,000.00
1,600.00
118,400.00 (eliminate)
Analysis of inventory
selling price of ate
cost to ate from 3rd parties
unrealized gross profit
2
1.33
1.00
0.33
Dr
Cr
Cr
Cr
Sales
Cost of goods sold - Mama
Cost of good sold - Ate
Inventory
Allocate UGP
Mama
NCI - Ate
1,600.00
1,200.00
400.00
36,000.00
28,800.00
7,200.00
1,200.00
34,800.00 (eliminate)
Analysis of inventory
selling price of ate
cost to ate from 3rd parties
unrealized gross profit
3
133.33
100.00
33 1/3
Upstream - Ate
125.00
100.00
25
1.25
1.00
0.25
Upstream - Bunso
Dr
Cr
Cr
Cr
Sales
Cost of goods sold - Ate
Cost of good sold - Mama
Inventory
Allocate UGP
Mama
NCI - Ate
NCI - Bunso
1,200.00
960.00
240.00
Inventory of Ate at July 1, 2005 included P160 profits on goods received from Bunso
Dr
Dr
Dr
Cr
Dr
Cr
Inventory
Cost of goods sold
Allocate UGP
Mama
NCI - Ate
NCI - Bunso
Dr
Cr
Payable
Receivable
25%
60%
15%
25%
Dividends
Dr
Cr
Cr
Bonds payable
Investment in Mama bonds
Investment in Mama bonds
Dr
Dr
Cr
Interest income
Interest income
Interest expense
80%
20%
75%
25%
80%
Dr
Cr
75%
249,600.00
2,000.00
4,000.00
255,600.00
218,640.00
51,120.00
269,760.00
14,160.00
240,000.00
8,000.00
1,600.00
(199,680.00)
(49,920.00)
2,000.00
4,000.00
14,160.00
(18,960.00)
(1,200.00)
204,480.00
218,640.00
51,120.00
14,160.00
249,600.00
(249,600.00)
20,160.00
(20,160.00)
166,400.00
1,000.00
4,000.00
5,000.00
176,400.00
129,050.00
44,100.00
173,150.00
(3,250.00)
164,000.00
2,400.00
(124,800.00)
(41,600.00)
166,400.00
(166,400.00)
1,000.00
5,000.00
4,000.00
10,000.00
(3,250.00)
(4,250.00)
(2,500.00) do not share in negative goodwill
218,640.00
(199,680.00)
(18,960.00)
129,050.00
(124,800.00)
(4,250.00)
-
240,000.00
8,000.00
1,600.00
2,000.00
4,000.00
14,160.00
(218,640.00)
(51,120.00)
16,800.00
(13,440.00)
(3,360.00)
<WPEE- 1A>
269,760.00
(269,760.00)
<WPEE- 1B>
(16,800.00)
d earnings, conso>
1,600.00
400.00
(2,000.00)
800.00
640.00
160.00
(1,600.00)
<WPEE- 1C>
2,000.00
<WPEE- 1D>
1,600.00
<WPEE- 1E>
ng goodwill is impaired>
164,000.00
2,400.00
1,000.00
5,000.00
4,000.00
(3,250.00)
(129,050.00)
(44,100.00)
14,400.00
(8,640.00)
(2,160.00)
(3,600.00)
600.00
150.00
<WPEE- 2A>
176,400.00
(176,400.00)
<WPEE- 2B>
(14,400.00)
<WPEE- 2C>
250.00
(1,000.00)
1,000.00
1,000.00
600.00
150.00
250.00
(2,000.00)
120,000.00
(118,400.00)
(1,200.00)
(400.00)
<WPEE- 2D>
2,000.00
<Interco - 1>
(120,000.00)
(320.00)
(80.00)
36,000.00
(34,800.00)
(960.00)
(240.00)
80%
20%
<Interco - 2>
(36,000.00)
(144.00)
(36.00)
(60.00)
60%
96.00
24.00
40.00
(160.00)
60%
15%
25%
25%
160.00
(160.00) Allocate
(96.00)
(24.00)
(40.00)
3,600.00
(3,600.00)
<Interco - 3A>
15%
<Interco - 3B>
60%
15%
25%
<Interco - 4>
88,000.00
(40,000.00)
(48,000.00)
<Interco - 5A>
3,200.00
3,840.00
(7,040.00)
<Interco - 5B>
Dr
24,960.00
6,240.00
(31,200.00)
<Interco - 6A1>
13,200.00
4,400.00
(17,600.00)
<Interco - 6A2>
10,560.00
2,640.00
80%
20%
13,440.00
(13,440.00)
<Interco - 6B>
7,200.00
(7,200.00)
<Interco - 6C>
Financial Statement
As of / for the period ended June 30, 2006
Mama
Sales
Dividends revenue
Interest income
Total revenues
(675,360.00)
(24,960.00)
(700,320.00)
(444,800.00)
(13,200.00)
(3,200.00)
(461,200.00)
(290,000.00)
(3,840.00)
(293,840.00)
Cost of sales
Operating expenses
Other expenses
Total expenses
490,400.00
44,080.00
64,000.00
598,480.00
333,600.00
42,800.00
32,000.00
408,400.00
232,000.00
20,000.00
16,000.00
268,000.00
(101,840.00)
(52,800.00)
(25,840.00)
(4,000.00)
(101,840.00)
50,000.00
(55,840.00)
(18,400.00)
(52,800.00)
31,200.00
(40,000.00)
(16,800.00)
(25,840.00)
17,600.00
(25,040.00)
Cash
Receivables
Inventory
Investment in Ate shares
Investment in Bunso shares
Investment in Mama bonds
Land
Building
Accumulated depreciation
Goodwill
Other assets
Total assets
28,000.00
21,860.00
5,600.00
218,640.00
200,000.00
500,000.00
(204,000.00)
10,600.00
15,550.00
4,400.00
129,050.00
40,000.00
70,000.00
147,000.00
(63,000.00)
21,600.00
1,520.00
5,120.00
48,000.00
56,000.00
160,000.00
(64,000.00)
49,200.00
819,300.00
12,800.00
366,400.00
2,400.00
230,640.00
Accounts payable
Dividends payable
Provisions
Bonds payable
Total liabilities
(121,460.00)
(30,000.00)
(20,000.00)
(160,000.00)
(331,460.00)
(32,000.00)
(16,800.00)
(29,600.00)
(78,400.00)
(16,000.00)
(9,600.00)
(16,000.00)
(41,600.00)
Common stock
Additional paid in capital
Retained earnings
DNCI - A
INCI - B
DNCI - B
Total SHE
(420,000.00)
(12,000.00)
(55,840.00)
(240,000.00)
(8,000.00)
(40,000.00)
(164,000.00)
(487,840.00)
(288,000.00)
(189,040.00)
(819,300.00)
(366,400.00)
(230,640.00)
Net income
Allocation
Parent
DNCI - A
INCI - B
DNCI - B
Ate
Bunso
80% 60%
20%
15%
25%
(25,040.00)
Financial Statement
As of / for the period ended June 30, 2006
Mama
Ate
Bunso
290,000
Sales
Dividends revenue
Interest income
Total revenues
675,360
24,960
700,320
444,800
13,200
3,200
461,200
Cost of sales
Operating expenses
Other expenses
Total expenses
490,400
44,080
64,000
598,480
333,600
42,800
32,000
408,400
232,000
20,000
16,000
268,000
Net income
101,840
52,800
25,840
4,000
101,840
50,000
55,840
18,400
52,800
31,200
40,000
16,800
25,840
17,600
25,040
Cash
Receivables
Inventory
Investment in Ate shares
Investment in Bunso shares
Investment in Mama bonds
Land
Building
Accumulated depreciation
Other assets
Total assets
28,000
21,860
5,600
218,640
10,600
15,550
4,400
21,600
1,520
5,120
129,050
40,000
70,000
147,000
(63,000)
12,800
366,400
48,000
56,000
160,000
(64,000)
2,400
230,640
200,000
500,000
(204,000)
49,200
819,300
3,840
293,840
Accounts payable
Dividends payable
Provisions
Bonds payable
Total liabilities
121,460
30,000
20,000
160,000
331,460
32,000
16,800
29,600
78,400
16,000
9,600
16,000
41,600
Common stock
Additional paid in capital
Retained earnings
Total SHE
420,000
12,000
55,840
487,840
240,000
8,000
40,000
288,000
164,000
819,300
366,400
230,640
25,040
189,040
Financial Statement
As of / for the period ended June 30, 2006
Mama
Ate
Bunso
290,000.00
Sales
Dividends revenue
Interest income
Total revenues
675,360.00
18,720.00
694,080.00
444,800.00
13,200.00
3,200.00
461,200.00
Cost of sales
Operating expenses
Other expenses
Total expenses
490,400.00
44,080.00
64,000.00
598,480.00
333,600.00
42,800.00
32,000.00
408,400.00
232,000.00
20,000.00
16,000.00
268,000.00
Net income
95,600.00
52,800.00
25,840.00
4,000.00
95,600.00
50,000.00
49,600.00
10,400.00
52,800.00
31,200.00
32,000.00
8,800.00
25,840.00
17,600.00
17,040.00
28,000.00
21,860.00
5,600.00
155,340.00
10,600.00
15,550.00
4,400.00
21,600.00
1,520.00
5,120.00
48,000.00
56,000.00
160,000.00
(64,000.00)
2,400.00
230,640.00
3,840.00
293,840.00
Cash
Receivables
Inventory
Investment in Ate shares
Investment in Bunso shares
Investment in Mama bonds
Land
Building
Accumulated depreciation
Other assets
Total assets
200,000.00
500,000.00
(204,000.00)
49,200.00
756,000.00
129,050.00
40,000.00
70,000.00
147,000.00
(63,000.00)
12,800.00
366,400.00
Accounts payable
Dividends payable
Provisions
Bonds payable
Total liabilities
64,400.00
30,000.00
20,000.00
160,000.00
274,400.00
32,000.00
16,800.00
29,600.00
78,400.00
16,000.00
9,600.00
16,000.00
41,600.00
Common stock
Additional paid in capital
Retained earnings
Total SHE
420,000.00
12,000.00
49,600.00
481,600.00
240,000.00
16,000.00
32,000.00
288,000.00
164,000.00
8,000.00
17,040.00
189,040.00
756,000.00
366,400.00
230,640.00