Assignment 2 Question 1

[Renee]

Please can someone help. I'm so confused.
Here is what I have where have I gone wrong?

Calaculation 5 - CNI & NCI I/S
P. Co. Net Income 60,000
Less Dividends from S. Co 9,000
Unrealized profits CI 720 -9,720
Add Realized profits OI 1,200
Adjusted Net Income 51,480

S. Co. Net Income 48,000
Less Unrealized profits CI -4,800
Plus Amortization of PPDs 4,000
Realized profits OI 1,680
Adjusted Net Income 48,880
P. Co. Share 90% 43,992
Consilidated Net Income ATP 95,472
NCI (48880*0.10) 4,888


Calculation 6-CRE OB
P. Co. RE, CB 101,000
Add dividends 12,000
113,000
Less Unrealized gain CI -720
Net Income -60,000
Adjusted P. Co RE 52,280

S. Co. RE, CB 34,000
Add dividends 10,000
Less: Net Income -48,000
-4,000
S. Co. RE @ acquisition 20,000
Change -24,000
Amortization of PPDs -4,000
-28,000
P. Co. Share @90% 90% -25,200
CRE, OB 27,080

Calculation 7 NCI-B/S
S. Co. RE, CB 34,000
Common shares 60,000
94,000
NCI-B/S @ 10% 9,400

[lenny.l...@gmail.com]

Did you get the answer for this one yet -if not I can send it later when I am home
Helene
Sent from my BlackBerry® wireless device

[Helene Lapierre]

Hi Rene - I have attached my question #!

hope this helps.

[Leah K.]

I have the same numbers as you, Helene.

[Jeff & Renee Renaud]

Thank you so much Helene.

 

I have most of what you have except that our consolidated net income ATP are different.  I have less unrealized profits CI 720, plus realized profits OI 1200 and plus amort PPD.

 

As well, my CRE is different because of my CNI.