Assuming solar company has declared no dividends
Two years later, the following figures are reported by these two companies (stockholders' equity accounts have been omitted): Assuming Solar Company has declared no dividends, what are the noncontrolling interest's share of the subsidiary's income and the ending balance of the noncontrolling interest in the subsidiary?
As the photovoltaic (PV) industry continues to evolve, advancements in Assuming solar company has declared no dividends have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
4 FAQs about [Assuming solar company has declared no dividends]
What was the fair value of West Company's Solar stock?
West Company acquired 60 percent of Solar Company for $300,000 when Solar's book value was $400,000. The newly comprised 40 percent noncontrolling interest had an assessed fair value of $200,000. Also at the acquisition date, Solar had a trademark (with a 10-year life) that was undervalued in the financial records by $60,000.
What is the fair value of Star's noncontrolling interest?
Note: The same company information is used for two questions. On January 1, 2013, Pride Co. purchased 90 percent of the outstanding voting shares of Star Inc. for $540,000 cash. The acquisition-date fair value of the noncontrolling interest was $60,000. At January 1, 2013, Star's net assets had a total carrying amount of $420,000.
What is the fair value of solar?
The newly comprised 40 percent noncontrolling interest had an assessed fair value of $200,000. Also at the acquisition date, Solar had a trademark (with a 10-year life) that was undervalued in the financial records by $60,000. Also, patented technology (with a 5-year life) was undervalued by $40,000.
Is a subsidiary an indivisible part of a business combination?
A subsidiary is an indivisible part of a business combination and should be included in its entirety regardless of the degree of ownership., D. $549,000. Explanation:At the date control is obtained, the parent consolidates subsidiary assets at fair value ($549,000 in this case) regardless of the parent's percentage ownership., B. $400,000.
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