Metode Complete Equity

CAD Schedule
Parent Share
PP & IV 85,000
Less:
BV of Equity Acquired 73,800
Total BV (73,800)
Difference Between IV & BV 11,200
Record Goodwill (11,200)
Balance 0

Perez Company And Subsidiary

Consolidated Working Paper
For The Year Ended Dec 31, 2014
Description Perez Company Sanchez Company

Income Statement
Sales 110,000 42,000
Dividend Income 10,800 0
Total Revenue 120,800 42,000
Cost of Good Sold
Inventory 1/1 14,000 8,000
Purchases 84,000 20,000
Available for sale 98,000 28,000
Inventory 31/12 40,000 15,000
Cost of Good Sold 58,000 13,000
Other Expenses 10,000 16,000
Total Cost & Expense 68,000 29,000
Net/Consolidated Income 52,800 13,000
NCI in Income
Net Income to R/E Statement 52,800 13,000

R/E Statement
R/E, 1/1
Perez Company 50,000
Sanchez Company 30,000
Net Income from Above 52,800 13,000
Dividends Declared
Perez Company (10,000)
Sanchez Company (12,000)
R/E, 31/12 to Balance Sheet 92,800 31,000

Balance Sheet
Cash 13,000 14,000
A/R 22,000 36,000
Inventory, 31/12 40,000 15,000
Advance to Sanchez Company 8,000
Investment in Sanchez Company 85,000
Difference Between IV & BV
Plant & Equipment 50,000 44,000
Land 17,800 6,000
Goodwill
TOTAL ASSET 235,800 115,000

A/P 6,000 6,000

Other Liabilities 37,000
Advances from Perez 8,000
Common Stock
Perez Company 100,000
Sanchez Company 70,000
R/E from Above 92,800 31,000
NCI in net asset, 1/1
NCI in net asset, 31/12
TOTAL LIABILITIES & EQUI 235,800 115,000
 NCI Share Total Value
9,444 94,444

8,200 82,000
(8,200) (82,000)
1,244 12,444
(1,244) (12,444)
0 0

Perez Company And Subsidiary

Consolidated Working Paper
or The Year Ended Dec 31, 2014
Elimination Entries NCI Consolidated Balance
Dr Cr

152,000
10,800 0
152,000

22,000
104,000
126,000
55,000
71,000
26,000
97,000
55,000
1,300 (1,300)
10,800 1,300 53,700

16,200 66,200
30,000
10,800 1,300 53,700

(10,000)
10,800
40,800 27,000 1,300 109,900

27,000
 58,000
55,000
8,000
16,200 101,200
12,444 12,444
94,000
23,800
12,444 12,444
270,244

12,000
37,000
8,000

100,000
70,000
40,800 27,000 100 109,900
11,244 11,244
11,344 11,344
159,888 159,888 22,688 270,244