ACQUISITION ANALYSIS 0.80 0.

20 COST METHOD
CI NCI Total Operating income
Acquisition cost, 12-31-20x4 192.00 48.00 240.00 Dividend income
BV/FV of net assets, 12-31-20x4 (192.00) (48.00) (240.00) Net income, parent
Goodwill - - -
ACQUISITION DATE, 10-0
P S (conso) Total Note:
CI 143.00 28.00 171.00 operating income -
NCI 7.00 7.00 excluding dividend
income
Conso 143.00 35.00 178.00 CI
NCI
CONSO (20x4)
ACQUISITION DATE, 03-01-20X4 ACQUISITION DATE, 03-01-20X4
Gain on sale of sub: 5k, 02-01-20x4 Gain on sale of sub: 5k, 07-01-20x4

Net income 35.00 Net income

Gain on sale 5.00 Gain on sale
Net income before gain 30.00 Net income before gain

P S Total P
12 mos. 10 mos. 12 mos.
CI 143.00 20.00 163.00 CI 143.00
NCI 5.00 5.00 NCI
CONSO (20x4) 25.00 168.00 CONSO (20x4)
 COST METHOD
Operating income 143.00
Dividend income 15.00 12.00
Net income, parent 155.00

ACQUISITION DATE, 10-01-20X4

P S Total
12 mos 3 mos
143.00 7.00 150.00
1.75 1.75
CONSO (20x4) 8.75 151.75
TE, 03-01-20X4
ub: 5k, 07-01-20x4 CI in subs' SHE NCI in subs SHE
192.00 48.00
35.00 Subs net income 7.00 1.75 8.75
11.00 Dividends, 12-31 (12.00) (3.00) (15.00)
24.00 187.00 46.75

S Total
10 mos.
24.80 167.80
6.20 6.20
31.00 174.00
Share purchased 375.00
Issued 550.00
Treasury (50.00)
Outstanding 500.00
% of ownership 75%

Acquisition analysis
0.75 0.25
CI NCI Total
Cost FV of CI
3.00 375.00 1,125.00 250.00 1,375.00 FV of NCI
BV of NA (630.00) (210.00) (840.00) FV of subs
Excess 495.00 40.00 535.00
Land (15.00) (5.00) (20.00)
Equipment 27.00 9.00 36.00
Inventory 9.00 3.00 12.00
Goodwill 516.00 47.00 563.00
Partial Full

PARENT'S BOOKS (01-01-2016)

Investment in subsidiary 1,125.00
Cash 1,125.00

ELIMINATING ENTRY (01-01-2016)

Common Stock 550.00 Investment In Subs 21.00
Share Premium 250.00 NCI 7.00
RE 120.00 Land 20.00
Reval Surp 20.00 Equipment
TS 100.00 Inventory
IIS 630.00
NCI 210.00

Goodwill 516.00
Investment in Subsidiary 516.00

ELIMINATING ENTRY (12-31-2022)

DATE OF ACQUISITION ENTRIES (CTRL+c & ctrl+v)
PRIOR YEARS (6 YEARS) Revaluation Surplus
Share of NCI in Subs' SHE 20.00 8.00 12/31/2021, books
RE OCI 12.00 2nd
1/1/2022 316.00 20.00 20.00 20.00
Transfer to RE 12.00 (12.00)
1/1/2022 (books) 328.00 8.00 1st Accumulated depreciation
(12.00) 12.00 Inventory
316.00 20.00 Retained earnings
1/1/2016 120.00 20.00 NCI
Net increase 196.00 -
Retained earnings 12.00 CONSO SHE, 12-31-2022
Revaluation surplus 12.00 Common APIC
1/1/2016 900.00 700.00
Retained earnings 49.00 Dividends
NCI 49.00 parent 2016
2017
CURRENT YEAR (2022) 2018
Dividend income 9.00 NCI
NCI 3.00 2016
Retained earnings 12.00 2017
2019
NO MORE!!!!!!!!!!! 2021
Conso Income
Income - NCI 14.00 2016 103.20
NCI 14.00 2017 133.20
2018 (28.80)
2019 107.70
2020 137.20
2021 96.50
Transfer (6 years out of 10 years)
01-01-2022 900.00 700.00
Conso Income
Dividends
Transfer
12/31/2022 900.00 700.00

PARENT SUBSIDIARY
Net incom Div. incomeOperating Net income Amortization of excess Net income
books Inventory Equipmentconso
2,016.00 50.00 6.00 44.00 40.00 12.00 7.20 59.20
2,017.00 75.00 9.00 66.00 60.00 7.20 67.20
2,018.00 (20.00) (20.00) (16.00) 7.20 (8.80)
2,019.00 60.00 7.50 52.50 48.00 7.20 55.20
2,020.00 72.00 72.00 58.00 7.20 65.20
2,021.00 58.00 7.50 50.50 46.00 46.00
2,022.00 70.00 9.00 61.00 56.00 56.00
2,023.00 56.00 6.75 49.25 45.00 45.00
 750.00
250.00 0.25
1,000.00

36.00
12.00

2/31/2021, books

36.00
12.00
36.00
12.00
 RE OCI TS NCI CI
400.00 150.00 - 203.00 1,125.00 1. Controlling Interest in subs' SHE, 12/31/

(20.00) 3. NCI, 01-01-2020

(40.00) 4. 2023 Income attributable to CI
(30.00) 5. NCI, 12-31-2023 (FULL)

(2.00) (6.00) (8.00) NCI, 12-31-2019 (partial)

(3.00) (9.00) (12.00) GW, impaired
(2.50) (7.50) (10.00) NCI, 12-31-2019 (full)
(2.50) (7.50) (10.00)
SHE, 12-31-2019 (w/o CP)
88.40 14.80 44.40 CI, 12-31-2019 (w/o CP)
116.40 16.80 50.40 Control premium
(26.60) (2.20) (6.60) CI, 12-31-2019 (w/ CP)
93.90 13.80 41.40
120.90 16.30 48.90 CS
85.00 11.50 34.50 APIC
90.00 (90.00) RE
878.00 60.00 - 264.00 OCI
103.00 14.00 NCI
(5.00) (3.00)
15.00 (15.00)
991.00 45.00 - 275.00
11.25
conso (2.25)
Net 284.00 (partial)
Income 47.00
103.20 331.00 Full
133.20
(28.80)
107.70
137.20
96.50
117.00
94.25
t in subs' SHE, 12/31/ 1,232.10

238.70
butable to CI 83.00

238.70
47.00
285.70
0.25
1,142.80
857.10
375.00
1,232.10

900.00
700.00
533.20
105.00
227.40
2,465.60