Escolar Documentos
Profissional Documentos
Cultura Documentos
11.
12.
13.
14.
15.
C
A
D
C
D
16.
17.
18.
19.
20.
B
C
C
C
D
B
D
B
C
A
16.
17.
18.
B
B
D
21.
22.
B
D
11.
12.
13.
14.
15.
Solutions:
1. C
Solution:
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
6,000,000
6,000,000
(4,720,000)
1,280,000
2. B
Solution:
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Gain on a bargain purchase
4,000,000
4,000,000
(4,720,000)
(720,000)
3. D
Solution:
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
4,000,000
620,000
4,620,000
(3,200,000)
1,420,000
4. A
Solution:
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired (4.8M 1.6M)
Gain on a bargain purchase
2,400,000
620,000
3,020,000
(3,200,000)
(180,000)
5. B
Solution:
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
4,000,000
1,000,000
5,000,000
(3,200,000)
1,800,000
6. A
Solution:
Fair value of identifiable assets acquired
Fair value of liabilities assumed
Fair value of net identifiable assets acquired
Multiply by: Non-controlling interest
NCIs proportionate share in net identifiable assets
4,800,000
(1,600,000)
3,200,000
20%
640,000
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
4,000,000
640,000
4,640,000
(3,200,000)
1,440,000
7. D
Solution:
Consideration transferred (8,000 sh. x 500)
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired (6.4M - 3.6M)
Goodwill
4,000,000
4,000,000
(2,800,000)
1,200,000
8. D
Solution:
Consideration transferred (fair value of bonds)
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired (6.4M - 3.6M)
Goodwill
4,000,000
4,000,000
(2,800,000)
1,200,000
9. D
Solution:
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired (6.4M - 3.6M)
Goodwill
4,000,000
4,000,000
(2,800,000)
1,200,000
6,480,000
(3,600,000)
2,880,000
6,400,000
(3,680,000)
2,720,000
6,120,000
1,080,000
7,200,000
(1,800,000)
5,400,000
14. C
Solution:
Fair value of identifiable assets
Costs to sell of the held for sale asset
Fair value of unrecognized research and development
Adjusted value of identifiable assets
Fair value of liabilities assumed
Fair value of net identifiable assets acquired
6,400,000
(80,000)
200,000
6,520,000
(3,600,000)
2,920,000
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
4,000,000
4,000,000
(2,920,000)
1,080,000
15. A
Solution:
The adjusted fair value of net identifiable assets acquired is computed
as follows:
Fair value of identifiable assets acquired
Total fair value of liabilities assumed:
Fair value of liabilities assumed
Fair value of contingent liabilities assumed:
Contractual contingent liability assumed
Contractual contingent liability assumed
Non-contractual contingent liability assumed
Fair value of net identifiable assets acquired
6,400,000
3,600,000
40,000
120,000
200,000
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
(3,960,000)
2,440,000
4,000,000
320,000
4,320,000
(2,440,000)
1,880,000
2,000,000
1,241,843
1,200,000
4,441,843
Cash in bank
Receivables net
Inventory
Building net
Patent
Payables
Contingent liability
40,000
680,000
2,080,000
4,000,000
1,600,000
-
Fair
values
Taxable/ (Deductible)
Temporary difference
40,000
480,000
1,400,000
4,400,000
120,000
1,600,000
80,000
200,000
680,000
(400,000)
(120,000)
80,000
520,000
30%
156,000
960,000
30%
288,000
(1,836,000)
4,892,000
6,000,000
6,000,000
(4,892,000)
1,108,000
18. D
Solution:
The consideration transferred is adjusted for the dividends purchased
as follows:
Fair value of consideration transferred
6,400,000
Dividends-on (Dividends purchased)
(400,000)
Adjusted consideration transferred
6,000,000
Goodwill is computed as follows:
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
FV of net identifiable assets acquired (6.4M 80K - 2M)
Goodwill
6,000,000
6,000,000
(4,320,000)
1,680,000
Exercises
1. Solutions:
Case #1
(1) Consideration transferred
(2) Non-controlling interest in the acquiree
(3) Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired*
Goodwill
3,000,000
3,000,000
(2,360,000)
640,000
Consideration transferred
Non-controlling interest in the acquiree
Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Gain on a bargain purchase
2,000,000
2,000,000
(2,360,000)
(360,000)
2. Solutions:
Case #1:
(1) Consideration transferred
(2) Non-controlling interest in the acquiree
(3) Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
2,000,000
310,000
2,310,000
(1,600,000)
710,000
Case #2:
(1) Consideration transferred
(2) Non-controlling interest in the acquiree
(3) Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Gain on a bargain purchase
1,200,000
310,000
1,510,000
(1,600,000)
(90,000)
Case #3:
(1) Consideration transferred
(2) Non-controlling interest in the acquiree
(3) Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
2,000,000
500,000
2,500,000
(1,600,000)
900,000
Case #4:
(1) Consideration transferred
(2) Non-controlling interest in the acquiree*
(3) Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
2,000,000
320,000
2,320,000
(1,600,000)
720,000
(1)
(2)
(3)
2,000,000
2,000,000
(1,400,000)
600,000
Case #2:
(1) Consideration transferred (fair value of bonds)
(2) Non-controlling interest in the acquiree
(3) Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
2,000,000
2,000,000
(1,400,000)
600,000
4. Solution:
(1) Consideration transferred
(2) Non-controlling interest in the acquiree
(3) Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired
Goodwill
2,000,000
2,000,000
(1,400,000)
600,000
5. Solutions:
Case #1:
(1) Consideration transferred
(2) Non-controlling interest in the acquiree
(3) Previously held equity interest in the acquiree
Total
Fair value of net identifiable assets acquired*
Goodwill
2,000,000
2,000,000
(1,440,000)
560,000
follows:
Fair value of identifiable assets acquired
Fair value of liabilities assumed, including liability
on the operating lease with unfavorable terms
(P1.8M + P40K)
3,200,000
(1,840,000)
1,360,000
Case #3:
Goodwill (gain on bargain purchase) is computed as follows:
2,000,000
(1) Consideration transferred
(2) Non-controlling interest in the acquiree
(3) Previously held equity interest in the acquiree
2,000,000
Total
(1,400,000)
Fair value of net identifiable assets acquired
600,000
Goodwill
6. Solution:
The fair value of net identifiable assets acquired is computed as
follows:
Fair value of identifiable assets before recognition of unrecorded
assets, excluding recorded goodwill (3.1M 40K)
3,060,000
Fair value of unrecorded identifiable intangible assets
(all of the items listed above)
540,000
Total fair value of identifiable assets acquired
3,600,000
10
( 900,000)
2,700,000
1,000,000
620,922
600,000
2,220,922
3,240,000
11
(1,800,000)
1,440,000
12
Goodwill
600,000
3,000,000
3,000,000
(2,160,000)
840,000
11. Solution:
The deferred tax liability (asset) is determined as follows:
Carrying
amounts
Cash in bank
Receivables net
Inventory
Building net
Patent
Payables
Contingent liability
Fair values
20,000
340,000
1,040,000
2,000,000
800,000
-
20,000
240,000
700,000
2,200,000
60,000
800,000
40,000
Temporary
taxable/
(deductible)
difference
(100,000)
(340,000)
200,000
60,000
(40,000)
260,000
30%
78,000
480,000
30%
13
144,000
3,000,000
3,000,000
(2,446,000)
554,000
3,364,000
14
( 918,000)
2,446,000