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    This document outlines the calculation of goodwill from the acquisition of two subsidiaries, S1 and S2. It shows the consideration transferred, the parent's and non-controlling interests' shares of the net assets, and the resulting goodwill attributable to both the parent and non-controlling interests. It begins with the consideration given for each subsidiary and adjusts it based on pre-existing equity interests and impairments to arrive at the ending goodwill balances for the parent and non-controlling interests for each subsidiary.

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    This document outlines the calculation of goodwill from the acquisition of two subsidiaries, S1 and S2. It shows the consideration transferred, the parent's and non-controlling interests' shares of the net assets, and the resulting goodwill attributable to both the parent and non-controlling interests. It begins with the consideration given for each subsidiary and adjusts it based on pre-existing equity interests and impairments to arrive at the ending goodwill balances for the parent and non-controlling interests for each subsidiary.

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    F27

    Uploaded by

    Access Materials
    This document outlines the calculation of goodwill from the acquisition of two subsidiaries, S1 and S2. It shows the consideration transferred, the parent's and non-controlling interests' shares of the net assets, and the resulting goodwill attributable to both the parent and non-controlling interests. It begins with the consideration given for each subsidiary and adjusts it based on pre-existing equity interests and impairments to arrive at the ending goodwill balances for the parent and non-controlling interests for each subsidiary.

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    Formula #2: S 1 S 2 Consideration transferred (given) 400,000 200,000 Indirect holding adjustment (40,000) Less: Prev.

    held e
    stment (40,000) Less: Prev. held equity interest in theacquiree - - Total 400,000 160,000 Less: P's proportionate sh. in net assets of S1 & S
    rtionate sh. in net assets of S1 & S2 (₱440,000 x 80%) & (₱240,000 x 48%) (352,000) (115,200) Goodwill attributable to owners of P – Jan.
    attributable to owners of P – Jan. 1, 20x1 48,000 44,800 Less: P’s share in goodwill impairment (₱12,000 x 80%) & (₱16,000 x 48%) (9,600
    0 x 80%) & (₱16,000 x 48%) (9,600) (7,680) Goodwill attributable to owners of P – Dec. 31, 20x1 38,400 37,120 Fair value of NCI (given) 10
    37,120 Fair value of NCI (given) 100,000 160,000 Less: NCI's proportionate sh. in the net assets of S1 & S2 (₱440,000 x 20%) & (₱240,000
    S2 (₱440,000 x 20%) & (₱240,000 x 52%) (88,000) (124,800) Goodwill attributable to NCI – Jan. 1, 20x1 12,000 35,200 Less: NCI’s share in
    2,000 35,200 Less: NCI’s share in goodwill impairment (₱12,000 x 20%) & (₱16,000 x 52%) (2,400) (8,320) Goodwill attributable to NCI – D
    0) Goodwill attributable to NCI – Dec. 31, 20x1 9,600 26,880 Goodwill, net – Dec. 31, 20x1 48,000 64,000 Step 4: Non-controlling interest
    0 Step 4: Non-controlling interest in net assets S1 S 2 Total Net assets at fair value - 12/31x1 (Step 2) 5

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