江西财经大学高级财务会计国际学院题库chapter09Word文档格式.docx
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A）$808,000.
B）$848,000.
C）$920,000.
D）$960,000.
Usethefollowinginformationtoanswerthequestion（s）below.
PaintCorporationowns82%ofAchilleCorporationandAchilleCorporationowns80%ofBadrackCorporation.Forthecurrentyear,theseparatenetincomes（excludinginvestmentincome）ofPaint,Achille,andBadrackare$120,000,$100,000,and$50,000,respectively.Thecostofeachinvestmentwasequaltothebookvalueoftheinvestment,whichwasalsoequaltothefairvalue.
3）NoncontrollinginterestshareforBadrackis
A）$9,000.
B）$10,000.
C）$20,000.
D）$40,000.
Explanation:
B）（0.20×
$50,000=$10,000）
4）NoncontrollinginterestshareforAchilleis
A）$18,000.
B）$25,200.
C）$36,200.
D）$72,000.
B）[$100,000+（0.80）×
（$50,000）]×
18%=$25,200
5）ControllinginterestshareofconsolidatednetincomeforPaintCorporationandSubsidiariesis:
A）$234,800.
B）$244,800.
C）$260,000.
D）$270,000.
A
A）
PaintAchilleBadrack
Separateincomes$120,000$100,000$50,000
Allocate80%ofBadracktoAchille_______40,000（40,000）
Subtotal120,000140,00010,000
Allocate82%ofAchilletoPaint114,800（114,800）
Controllinginterestshareofcons.netincome$234,800______________
Noncontrollinginterestshare$25,200$10,000
6）PabariCorporationownsan80%interestinAldersCorporationandAldersownsa60%interestinBabaoCorporation.Bothinterestswereacquiredatacostequaltobookvalueequaltofairvalue.During2010,AlderssellslandtoBabaoataprofitof$12,000.BabaostillholdsthelandatDecember31,2010.Netincome（loss）ofthethreecompanies（excludinginvestmentincome）for2010are:
PabariCorporation$180,000
AldersCorporation72,000
BabaoCorporation（30,000）
Controllinginterestshareofconsolidatednetincomeandnoncontrollinginterestshare,respectively,for2010are
A）$211,200and（$1,200）.
B）$211,200and（$3,600）.
C）$213,600and（$1,200）.
D）$213,600and（$3,600）.
D
D）
Noncont.interestshare:
$8,400Profit+（$12,000）Loss
PabariAldersBabao
Separateincomes$180,000$72,000$（30,000）
Less:
Unrealizedprofitonland_______（12,000）_______
Subtotal$180,000$60,000（30,000）
AllocateBabao'
snetlossto
Alders（$30,000）×
60%_______（18,000）18,000
Subtotal180,00042,000（12,000）
Allocate80%ofAlders
incometoPabari33,600（33,600）
Controllinginterestshareofconsolidated
netincome$213,600______________
Noncontrollinginterestshare$8,400$12,000
7）PabloCorporationacquired60%ofAbagiaCorporationonJanuary1,2010,atacostof$20,000inexcessofbookvalue.Also,onJuly1,2010,Pabloacquired60%ofBabinCorporationatbookvalue.OnJanuary1,2011,Abagiaacquireda20%interestinBabinatacostof$10,000inexcessofbookvalue.TheexcesspurchasecostspaidbyPabloandAbagiawereattributedtogoodwill.
OnJuly1,2011,Pablosoldlandwithabookvalueof$20,000toAbagiafor$40,000.The$20,000unrealizedgainisincludedinPablo'
sseparateincome.Separatenetincomesfortheaffiliatedcompanies（excludinginvestmentincome）for2011are:
Pablo$250,000
Abagia70,000
Babin100,000
Controllinginterestshareofconsolidatednetincomefor2011is
A）$304,000.
B）$324,000.
C）$344,000.
D）$364,000.
C
C）
PabloAbagiaBabin
Separateincomes$250,000$70,000$100,000
Unrealizedprofitonland（20,000）________________
Separaterealizedincomes$230,000$70,000$100,000
AllocateBabin'
sincome:
60%toPablo60,000（60,000）
20%toAbagia________20,000（20,000）
Subtotal290,00090,00020,000
AllocateAbagia'
snetincome
60%toPablo54,000（54,000）
Controllinginterestshare
ofconsolidatednetincome$344,000________________
Noncontrollinginterestshare$36,000$20,000
8）PagliaCorporationowns80%ofAburnCorporationandhasseparatenetincomeof$200,000for2010.AburnCorporationhasseparatenetincomeof$100,000andowns70%oftheoutstandingstockofBadleyCorporation.BadleyCorporationhasseparatenetincomeof$80,000.（Separatenetincomesexcludeinvestmentincome.）Thecostofeachinvestmentwasequaltobookvalueandfairvalue.Thecontrollinginterestshareofconsolidatednetincomefor2010is
A）$324,800.
B）$328,800.
C）$344,800.
D）$344,800.
PagliaAburnBadley
Separateincomes$200,000$100,000$80,000
AllocateBadley'
70%toAburn_______56,000（56,000）
Subtotal$200,000$156,000$24,000
AllocateAburn'
80%toPaglia124,800（124,800）_______
ofconsolidatednetincome$324,800
Noncontrollinginterestshare$31,200$24,000
PaceCorporationowns70%ofAbazaCorporationand60%ofBabonCorporation.AbazaCorporationowns20%ofBabonCorporation.Pace'
sinvestmentinAbazawasconsummatedinonetransactionatapurchaseprice$20,000inexcessofthebookvalue.Pace'
spurchaseofBabonwasmadeinonetransactionataprice$30,000abovebookvalue.Abaza'
sinvestmentinBabonwascompletedinonetransactionatapurchaseprice$10,000inexcessofthebookvalue.Thepurchasepricedifferentialforallthreeinvestmentswasattributabletogoodwill.（Therewerenofairvalue/bookvaluedifferencesinassetsandliabilitiesforeachinvestment.）Pace'
sseparatenetincomeforthecurrentyearis$100,000.Abaza'
sseparatenetincomeis$190,000,whichincludesa$10,000unrealizedlossonthesaleoflandtoPace.Babon'
sseparatenetincomeis$150,000.Separatenetincomesexcludeinvestmentincome.
9）Thecontrollinginterestshareofconsolidatednetincomeforthecurrentyearis
A）$341,000.
B）$348,400.
C）$351,000.
D）$355,000.
PaceAbazaBabon
Separateincomes$100,000$190,000$150,000
Plus:
Unrealizedlosson
landsaletoPace________10,000________
Separaterealizedincomes$100,000$200,000$150,000
AllocateBabon'
60%toPace90,000（90,000）
20%toAbaza________30,000（30,000）
Subtotal190,000230,00030,000
AllocateAbaza'
toPace$230,000×
70%161,000（161,000）
ofconsolidatednetincome$351,000________________
Noncontrollinginterestshare$69,000$30,000
10）Theamountofnoncontrollinginterestshareforthecurrentyearis
A）$69,000.
B）$85,000.
C）$95,000.
D）$99,000.
D）（$69,000+30,000=$99,000）
PahmCorporationowns80%oftheoutstandingvotingcommonstockofAbussiCorporation,whichwaspurchasedfor$60,000overAbussi'
sbookvalue.Theexcesspurchasepricewasattributabletogoodwill.AbussiCorporationowns60%oftheoutstandingcommonstockofBadockCorporation,whichwaspurchasedatbookvalue.TheseparatenetincomesofPahm,Abussi,andBadock（excludinginvestmentincome）fortheyearare$200,000,$240,000,and$260,000,respectively.Therewerenofairvalue/bookvaluedifferencesintheassetsandliabilitiesofPahm,AbussiandBadock.
11）Controllinginterestshareofconsolidatednetincomeforthecurrentyearis
A）$504,800.
B）$516,800.
C）$545,200.
D）$557,200.
B）（$200,000+（80%）×
[$240,000+（60%）×
（260,000）]=$516,800）
12）TheamountofincomeforthecurrentyearassignedtothenoncontrollingshareholdersofBadockCorporationis
A）$100,000.
B）$104,000.
C）$120,000.
D）$140,000.
B）（40%×
$260,000=$104,000）
13）TheamountofincomeforthecurrentyearassignedtothenoncontrollingshareholdersofAbussiCorporationis
A）$48,000.
B）$53,200.
C）$74,000.
D）$79,200.
D）（20%×
$240,000）+（20%×
$156,000）=$79,200
PahmAbussiBadock
Separateincomes$200,000$240,000$260,000
AllocateBadock'
60%toAbussi________156,000（156,000）
Subtotal$200,000$396,000$104,000
AllocateAbussi'
snetincometo
Pahm$396,000×
80%316,800（316,800）
ofconsolidatednetincome$516,800________________
Noncontrollinginterestshare$79,200$104,000
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