Case 2: Non-Controlling Interest measured at fair value Inahan Co. elects the option to measure the non-controlling interest at fair value. However, no independent consultant were engaged. Inahan paid P 1,500,000.00 cash and P 750,000.00 land with fair value of P 1,000,000.00 as consideration for the 75% interest in Bunso, Inc. 1.How much is the transaction costs incurred during the business combination? a. 65,000.00 b. 125,000.00 c. 190,000.00 d. 250,000.00 2.How much is the Consideration Transferred by Inahan for its interest in Bunso? a. 750,000.00 b. 2,250,000.00 c. 2,500,000.00 d. 3,250,000.00 3.How much is the Non-Controlling Interest in the acquiree? a. 0.00 b. 600,000.00 c. 652,500.00 d. 833,333.33
Case 2: Non-Controlling Interest measured at fair value
Inahan Co. elects the option to measure the non-controlling interest at fair value. However,
no independent consultant were engaged. Inahan paid P 1,500,000.00 cash and P 750,000.00
land with fair value of P 1,000,000.00 as consideration for the 75% interest in Bunso, Inc.
1.How much is the transaction costs incurred during the business combination?
a. 65,000.00
b. 125,000.00
c. 190,000.00
d. 250,000.00
2.How much is the Consideration Transferred by Inahan for its interest in Bunso?
a. 750,000.00
b. 2,250,000.00
c. 2,500,000.00
d. 3,250,000.00
3.How much is the Non-Controlling Interest in the acquiree?
a. 0.00
b. 600,000.00
c. 652,500.00
d. 833,333.33
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
