On January 1,2016 statement of financial position ABC Corporation at book and market values were as follows: Current asset Property and Equipment Current liabilities Long term liabilities Common stock |Additional paid in capital Retained earnings Book value 1,200,000 1, 350,000 450,000 750,000 150,000 300,000 900,000 Fair value 1,125,000 1,500,000 450,000 690,000 Wall Corporation paid 1,425,000 in cash for 80% of ABC corporation's Common stock. 13. If the fair value of Non-controlling interest is assessed to be P345,000, how much is the goodwill? a. 237,000 b. 285,000 c. 297,000 d. 420,000 e. 0 14. How much goodwill attributable to parent? a. 48,000 b. 237,000 c. 285,000 d. 420,000 e. 0 15. If non-controlling interest is based on proportionate share in fair value of net asset of ABC Corporation, how much goodwill attributable to Subsidiary? a. 48,000 b. 285,000 c. 59,250 d. 0

Weighted Average Cost of Capital  The December 31, 2018, partial financial statements taken from the annual report for AT&T Inc. (T ) follow. Consolidated Statements of Income Dollars in millions except per share amounts 2018 2017 Operating revenues     Service $152,345 $145,597 Equipment 18,411 14,949 Total operating revenues 170,756 160,546 Operating expenses     Equipment 19,786 18,709 Broadcast, programming and operations 26,727 21,159 Other cost of services (exclusive of depreciation and amortization show separately below) 32,906 37,942 Selling, general and administrative 36,765 35,465 Abandonment of network assets 46 2,914 Depreciation and amortization 28,430 24,387 Total operating expenses 144,660 140,576 Operating income 26,096 19,970 Other income (expense):     Interest expense (7,957) (6,300) Equity in net income of affiliates (48) (128)…

The balance sheet of National Company on December 31, 2020, with related current fair value data, was as follows: National Company Balance Sheet (prior to business combination) December 31, 2020 Carrying Amounts Current Fair Values Assets Current assets $180,000 640,000 $ 220,000 700,000 Plant assets (net) Intangible assets (net) (All recognizable under generally accepted accounting principles for business combinations.) Total assets Liabilities and Stockholders' Equity Current liabilities 80,000 $900,000 90,000 $1,010,000 $ 80,000 190,000 $ 270,000 $ 80,000 200,000 $280,000 $400,000 220,000 $620,000 $900,000 Long-term debt Total liabilities Common stock, no par or stated value Retained earnings Total stockholders’ equity Total liabilities and stockholders’ equity On December 31, 2020, United Corporation issued $200,000 common stock, $2 par value ($3 fair value) and paid $188,120, for all the net assets of National. Out of pocket costs paid by united, totaled $40,000, for legal fees to…

Fisafolia Corporation has gross income from operations of $426,600 and operating expenses of $362,610 for 2020. The corporation also has $42,660 in dividends from publicly-traded domestic corporations in which the ownership percentage was 45 percent. Below is the Dividends Received Deduction table to use for this problem. Percent Ownership 2020 DividendsReceived Percentage Less than 20 percent 50% 20 percent or more, but less than 80 percent 65% 80 percent or more 100%   Assume that instead of $426,600, Fisafolia Corporation has gross income from operations of $350,000. Calculate the corporation's dividends received deduction for 2020.

Calculate the weights of capital components based on the book value balance sheet. weight of debt: Wd        weight of preferred stock: Wp        weight of total common equity: We        Here is the condensed 2015 balance sheet for Skye Computer Company (in thousands of dollars):         CONDENSED BALANCE SHEET FOR SKYE COMPUTER COMPANY     FY2015   Current assets   $2,000   Net fixed assets   3,000   Total assets   $5,000           Total debt   $2,100   Preferred stock   250        Common stock   1,300        Retained earnings   1,350   Total common equity   $2,650   Total liabilities & equity   $5,000           The firm's marginal tax rate is 35%.  The firm's currently outstanding 10% annual coupon rate long-term debt sells at $1,051.11. The debt matures in 7 years. Coupon interest is paid semiannually. Skye's preferred stock pays a dividend of $3.30 per share, and its preferred stock sells for $30 per share.  Skye's earnings per share…

The statement of financial position of Weatherly Unlimited (Pty) Ltd is presented below: Statement of FinancialPosition as at 28 February 2022 R Non - current assets 1 850 000 Property, plant and equipment 1.850 000Current assets 1 250 000 Inventory 480 000 Trade receivables 350 000 Cash and cash equivalents 420 000TOTAL ASSETS 3 100 000 EQUITY 1 850 000 Ordinary share capital 1 000 000 Distributable reserves 850 000Non - current liabilities 650 000 Long-term loan 650 000 Current liabilities 600 000 Trade payables 545 000Short-term portion of long-term loan 55 000 TOTAL LIABILITIES 1 250 000 TOTAL EQUITY AND LIABILITIES3 100 000 Additional information: The company plans to increase its sales by 10% in the following year. Current annual sales total R2 500 000. After tax profit margin is 5% and half of the profits is retained within the company. All sales are currently made on credit and in future, sales will remain on credit. What is the additional working capital required to support…