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USCPA 過去問 Consolidated reporting Noncontrolling interest

うーん、問題をちゃんと読めば簡単な問題なんだけど、しらねーよなあ。

 

On January 2, year 3, Pare Co. purchase 75% of kidd Co.'s outstanding common stock. Selected balance sheet data at December 31, year 3, is as follows:

 PareKidd
Total assets $420,000 $180,000
Liabilities 120,000 60,000
Common Stock 100,000 50,000
Retained earnings 200,000 70,000
  $420,000 $180,000

During year 3, Pare and Kidd paid cash dividends of $25,000 and $5,000, respectively, to their shareholders. There were no other intercompany transactions. In Pare's December 31, year3, consolidated balance sheet, what amount should be reported as noncontrolling interest in net assets?

  • $0
  • $30,000
  • $45,000
  • $105,000

 

Noncontrolling は、取得したKiddの75%以外の、25%の分。

Net Assetを聞かれてるから、見るべきは、Kidd の Net Asset (Asset-Liability)。

 

180000-60000=120000x 0.25= 30000 (Noncontrolling interest in Net assets)

 

 

連結の BS上では、Noncontrolling Interest は、原則Fair Value(Market Value) で計上されます。

 

On June 30, Peppy, Corp. purchased for cash at $17.50 per share 80% of Spunky Company's 100,000 total shares of outstanding common stock. The active market price for shares on that date was $15 per share. At June 30, Spunky's balance sheet showed a carrying amount of net assets of $1,500,000 and the fair value of Spunky's assets and liabilities equaled their carrying amounts except for property, plant, and equipment which exceeded its carrying amount by $250,000. In its June 30 consolidated balance sheet, what amount should Peppy report as noncontrolling interest?
  • $250,000
  • $300,000
  • $350,000
  • $400,000

 

上の問題の場合, Noncontrolling interest だけ考えればよいので、

100-80%=20%

Total shares of outstanding common stock 100000 

100000 x 0.2 = 20000

Market value per share $15 

20000 x 15 = 300000

 

 

下は典型的な問題で、

X x 持ち株比率 = 持ち株価格

で、X (子会社のTotal Value)を求めて、

そこからNoncontrolling interest を導く。

On February 1, Pizza, Inc. acquired 75% of the outstanding common stock of Sausage Co. for $750,000 cash. At February 1, Sausage's balance sheet showed a carrying amount of net assets of $1,100,000 and the fair value of Sausage's assets and liabilities equaled their carrying amounts except for property, plant, and equipment which exceeded its carrying amount by $200,000. On February 1, what amount would be attributed as fair value for the noncontrolling interest?
  • $325,000
  • $300,000
  • $275,000
  • $250,000

 

X x 75% = 750000

X = 1000000

1000000 x (1-0.75) = 250000

 

 

 

Entity の定義 = Business activity をしたり、資産を保有したりする。

 

Spin off  subsidiary through nonreciprocal owner = donation 

で、お金のやり取りは発生しないので、これはNonmonetary transaction という扱いになります。