高级财务会计（英文版第13版）课件 第8章 合并财务报表-股权变动

AdvancedAccountingThirteenthEditionChapter8Consolidations–ChangesinOwnershipInterestsCopyright©2018,2015,2012PearsonEducation,Inc.AllRightsReservedConsolidations-ChangesinOwnershipInterests:Objectives8.1

Applyconsolidationprocedurestointerim(midyear)acquisitions.8.2

Prepareconsolidatedstatementswhentheparentcompany’sownershippercentageincreasesordecreasesduringthereportingperiod.8.3Recordsubsidiary/investeestockissuancesandtreasurystocktransactions.InterimAcquisitionsConsolidations–ChangesinOwnershipInterestsChangesinParentOwnershipIncreases(acquiresormaintainscontrol)Parentacquirescontrollinginterestduringinterimperiod.Parentacquirescontrollinginterestinstages.Parentacquiresadditionalsharesfromnoncontrollinginterest.Decreases(maintainsorlosescontrol)Parentsellssharesbutmaintainscontrol.Parentsellssharesbutgivesupcontrol.InterimAcquisitionofControlParentobtainscontrolDetermineimpliedvalueandallocateexcessApplyconsolidationproceduresInterimAcquisitionWhereControlisMaintainedParentincreasesitssharebybuyingmorestockordecreasesitssharebysellingsomestock.ChangeinInvestmentinsubisbasedontheunderlyingfairvalueofequity.Nogainorlossisrecognized;paidincapitalisadjusted.InterimSaleWhereControlisRelinquishedParentsellspartofitsinvestmentandnolongermaintainscontrolReducetheinvestmentbasedonproportionofinterestsoldRecordgainorlossonsaleDiscontinueconsolidationIsThereaGainorLoss?Basicrule:Nogainorlossisrecordedonequitytransactionswithafirm'sowners.ControlbeforeandafterthetransactionisanequitytransactionNogainorlossAdjustpaidincapital,ifneededNocontrolbeforeandcontrolafterPointofbusinessacquisitionNolossMighthavegainonbargainpurchaseControlbeforeandnocontrolafterDispositionofassetGainorlossisrecordedPreacquisitionEarningsEarningspriortothedateofacquisitionareeliminatedfromconsolidatedincomebyoneoftwomethods.Excluderevenuesandexpensesofthesubsidiarypriortoacquisitionfromconsolidatedamounts;orIncludetherevenuesandexpensesofthesubsidiaryintheconsolidatedincomestatementforthefullyearanddeductpreacquisitionincomeasaseparateitem.EquityBookValueonInterimDateCalculatebookvalue(equity)asoftheacquisitiondate:BeginningBVequity+preacquisitionrevenues–preacquisitionexpenses–preacquisitiondividends=BVequityatacquisitionSalesandexpenses(notdividends)fortheyearmaybeassumedlevel.ChangesinOwnershipPercentageConsolidations–ChangesinOwnershipInterestsPiecemealAcquisition:ExamplePopacquiredSoninaseriesofacquisitions,resultinginatotal90%ownership.ThetotalbookvalueandfairvalueofSon'snetassetsonOctober1(datecontrolwasacquired)was$220,000.BlankInterestInvestmentDateAcquiredCostApril15%7,000July15%8,000October180%210,000Blank90%225,000Costof90%ofSon225,000ImpliedvalueofSon250,000Bookvalue220,000Goodwill30,000IncomeDistributionSon'sincomeallocationfortheyear:BlankTotalIncomeOct1-Dec31CI90%shareNCI10%sharebeforeOct1PreacquisitionSales150,00033,7503,750112,500Expenses(110,000)(24,750)(2,750)(82,500)Netincome40,0009,0001,00030,000Pop'sWorksheetEntriesTherewerenodividendsbeforeoraftertheacquisitioninthiscase.Zerosareincludedjustforclarity.IncomefromSon9,000

blankDividends

blank0InvestmentinSon

blank9,000Noncontrollinginterestshare1,000

blankDividends

blank0Noncontrollinginterest

blank1,000Sales112,500

blankCommonstock100,000

blankRetainedearnings1/190,000

blankCostofSales&Expenses

blank82,500Dividends

blank0InvestmentinSon

blank225,000Noncontrollinginterest

blank25,000IncomeStatementIncomestatementPopSonDRCRConsolSales274,875150,000112,500

blank312,375IncomefromSon9,000

blank9,000

blank0GainfromrevaluationofInvestmentinSon11,250

blank

blank

blank11,250Expenses(220,000)(110,000)

blank82,500(247,500)Noncontrollinginterestshare

blank

blank1,000

blank(1,000)Controllinginterestshare75,12540,000

blank

blank75,125Stateofretainedearnings:

blank

blank

blank

blank

blankRetainedearnings,1/1221,50090,00090,000

blank221,500Addnetincome75,12540,000

blank

blank75,125Deductdividends00

blank

blank

blankRetainedearnings,12/31296,625130,000

blank

blank296,625BalanceSheetBalancesheetPopSonDRCRConsolOtherassets451,375300,000BlankBlank751,375InvestmentinSon245,250BlankBlank9,000BlankBlankBlankBlankBlank236,2500GoodwillBlankBlank42,500Blank42,500Total696,625300,000BlankBlank793,875

Liabilities100,00070,000BlankBlank170,000Commonstock300,000100,000100,000Blank300,000Retainedearnings296,625130,000BlankBlank296,625NoncontrollinginterestBlankBlankBlank26,2501,00027,250Total696,625300,000BlankBlank793,875InterimSale,ContinuedControl:ExamplePamowns90%ofSun.Pam’s1/1/17$228investmentbalancereflectsSun'sunderlyingequityplus$18goodwill($20totalimpliedgoodwill).During2017,Sunreports$36incomeandpays$20dividendsonJuly1.Pamsells10%interestinSunonJanuary1for$40.

BlankBeforeInterestAfter

BlankthesalesoldthesalePop'sinterestinSon90%10%80%Investmentaccount:

Blank

Blank

Blank1/1balance288.0

Blank

Blank

Blank

Blank

Blank

Blank

Blank

Blank

Blank

BlankInvestmentinSun:T-accountInvestmentinSun1/1Balance288.0blankblankblankblankblankblank32.01/1Saleof10%(1/9ofshares)blankblank16.06/1Dividends(80%)80%Incomesince1/128.8blank12/31Balance268.8blankPam'sEntryfortheSaleCash40.0

blankInvestmentinSun

blank32.0Additionalpaidincapital

blank8.0Nogainorlossisrecorded.SincePopretainscontrol,thesaleofsomesharesistreatedasanownertransaction;thedifferenceimpactspaid-incapital.NoncontrollingInterestCalculationsBalanceonJan1:(288*.1/.9)$32.0IncomesinceJan1:(36*.2)7.2Dividends(20*.2)(4.0)BalanceatDec31$35.2WorksheetEntriesIncomefromSun28.8

blankDividends

blank16.0InvestmentinSun

blank12.8Noncontrollinginterestshare

(0.9+5.4)7.2

blankDividends

blank4.0Noncontrollinginterest

blank3.2Commonstock200.0

blankRetainedearnings1/1100.0

blankGoodwill20.0

blankInvestmentinSun(288-32.9)

blank256.0Noncontrollinginterest,1/1

blank64.0InterimSale,LossofControl:ExampleBringinvestmentaccountuptodate,recognizingpartialyear'sincomeasappropriateDetermineBVoffractionofinvestmentsoldComparetosellingpriceRecordagainorlossondifferenceThe"parent"nolongerconsolidatesthe"subsidiary"ThatrelationshiphasbeendissolvedParentwilluseequityorfairvalue/costmethodasappropriateSubsidiary’sStockTransactionsConsolidations–ChangesinOwnershipInterestsSubsidiaryActions(1of2)SubsidiaryactionsincreasingParentshareSubissuesadditionalsharestoParentSubreacquiressharesfromnoncontrollinginterestSubsidiaryactionsdecreasingParentshareSubissuesadditionalsharestononcontrollinginterestsSubreacquiressharesfromParentSubsidiaryActions(2of2)SubsidiaryactionsnotimpactingownershipSubissuesstocktobothparent&noncontrollinginterestSubissuesstocksplitorstockdividendSubIssuesStocktoParent:ExamplePamowns80%ofSun,acquiredat$180.Costof80%ofSun$180

ImpliedvalueofSun$225BookvalueofSun200Excess,goodwill$25SunissuesadditionalsharestoPam.Outstandingsharesincreasedfrom10Kto12K.Pamhadowned8Kofthe10K(80%),butnowowns10Kofthe12Kshares(83.33%).Pam'sEntry

(1of2)PamacquiresadditionalsharesdirectlyfromSunatbookvalue,$40($20pershare).InvestmentinSun40

blankCash

blank40IfPamhadpaid$70(abovebookvalue)or$30(belowbookvalue),onlytheamountintheentrywouldchange.Thefollowinganalysisshowsdifferentamountsofgoodwillwhichwillbeusedintheconsolidationworksheet.Pam'sEntry(2of2)GoodwillmaygoupordowndependingonthevaluePampaidfortheadditionalsharesofSun.BlankBeforesaleSun'sequity200Goodwill25Totalvalue225Pam'sInvestmentinSun180Pam'sshareofBVofequity160Goodwill20Totalvalue180

BlankSellatBVfor$40Sell>BVfor$70Sell<BVfor$30Sun'sequity,aftertheissuance240270230Pam'sInvestment,after220250210.0Pam'sshareofequity,10/17share200225191.7Newmeasureofgoodwill202518.3Total220250210.0SubIssuesStocktoOutsiders:ExamplePamowns80%ofSun,acquiredat$180.Costof80%ofSun$180ImpliedvalueofSun$225BookvalueofSun200Excess,goodwill$25Sunissuesadditionalsharestooutsideentities.Outstandingsharesincreasedfrom10Kto12K.Pamhadowned8Kofthe10K(80%),butnowowns8Kofthe12Kshares(66.67%).BeforeSale

BlankBeforesaleSunequity200Goodwill25Totalvalue225Pam'sInvestment180Pam'sshareofBVofequity160Goodwill20Totalvalue180Pam'smeasureofgoodwilldoesnotchangewhenStatissuesthesharestooutsideentities,justthevalueofitsInvestmentinSunaccount.Blank

SellatBVfor$40Sell>BVfor$70Sell<BVfor$30Sunequity,after240270230Pam'sInvestmentcurrentbalance180180180.0Pam'sshareofequity,10/17share160180153.3Oldgoodwill202020.0Total,newbalanceinInvestment180200173.3Adjustment0+20-6.7Pam'sAdjustingEntryfor$40:

blank

blanknoentryneeded

blank

blankfor$70

blank

blankInvestmentinSun20.0

blankAdditionalpaidincapital

blank20.0for$30

blank

blankAdditionalpaidincapital6.7

blankInvestmentinSun

blank6.7SonPurchasesTreasuryStock:ExamplePopowns80%ofSonacquiredfor$160,atcostequaltobookvalue.Costof80%ofSon$160ImpliedvalueofSon$200BookvalueofSon200Excess,goodwill$0Popholds8KofSon's10Ksharesoutstanding(80%).Sonreacquires0.4Ksharesfromoutsiders.Popnowholds8KofSin's9.6Ksharesoutstanding(83.33%).BeforeTreasuryStockTherewasnopriorgoodwill;noneiscreatedbySonpurchasingtreasurystock.Popadjus