Tali Co. Acquired 80% of Wind Corp.'s voting rights. The statements of financial position of both entities immediately after the acquisition are shown below: Tali Co. Wind Corp. Investment in...

a. 1,350,000

b. 1,290,000

c. 1,330,000

d. 1,600,000

Tali Co. Acquired 80% of Wind Corp.'s voting rights. The statements of financial position of both entities<br>immediately after the acquisition are shown below:<br>Tali Co.<br>Wind Corp.<br>Investment in Subsidiary (cost)<br>430,000<br>Other Assets<br>1,570,000<br>750,000<br>Assets<br>2,000,000<br>750,000<br>Liabilities<br>750,000<br>400,000<br>Ordinary Share Capital<br>Retained Earnings<br>1,000,000<br>310,000<br>250,000<br>40,000<br>Liabilities and Stockholders' Equity<br>2,000,000<br>750,000<br>The fair value of Winds' assets is P50,000 more than the aggregate carrying amounts. Non-controlling interest is<br>measured under the proportionate share method. How much is the consolidated total equity?<br>

Extracted text: Tali Co. Acquired 80% of Wind Corp.'s voting rights. The statements of financial position of both entities immediately after the acquisition are shown below: Tali Co. Wind Corp. Investment in Subsidiary (cost) 430,000 Other Assets 1,570,000 750,000 Assets 2,000,000 750,000 Liabilities 750,000 400,000 Ordinary Share Capital Retained Earnings 1,000,000 310,000 250,000 40,000 Liabilities and Stockholders' Equity 2,000,000 750,000 The fair value of Winds' assets is P50,000 more than the aggregate carrying amounts. Non-controlling interest is measured under the proportionate share method. How much is the consolidated total equity?

Jun 11, 2022

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Tali Co. Acquired 80% of Wind Corp.'s voting rights. The statements of financial position of both entities immediately after the acquisition are shown below: Tali Co. Wind Corp. Investment in...

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