Advanced Accounting Consolidated Financial Statement of Financial Position Date of Acquisition summary

Acquisition of Shares

Acquisition:

Investment in Subsidiary Company xx
Cash xx

OR

Investment in Subsidiary Company xx
Share Capital (@Par) xx
Share Premium xx

At the Date of Acquisition - Consolidated Statement of Financial Position 100% Owned

Consideration Transferred xx
FV of Net Assets (xx)
Goodwill/(Gain on Bargain Purchase) xx/(xx)

2 Methods for Partial Acquisition

1. Fair Value Method

Total Parent Non-Controlling Interest

Consideration
FV of Acquisition xx xx
Transferred
Net Assets @ BV (xx) xx xx
Excess xx xx xx
Allocated to:
Asset: FV > CV = Diff (xx)
Asset: FV < CV = Diff xx
Liab: FV > CV = Diff xx
Liab: FV < CV = Diff (xx)
Goodwill/(Gain on Bargain Purchase) xx/(xx)

* NCI Consideration = Total FV x % of minority interest or NCI Net Assets @ BV whichever
is higher.