Final answer:
Consolidated intangible assets are reported at 100% value on a consolidated balance sheet, including both the parent's and subsidiary's share. Goodwill may also be included if the purchase price was higher than the fair value of the net assets acquired.
Step-by-step explanation:
In the context of a consolidated balance sheet, consolidated intangible assets are reported at their full value, including both the parent's and subsidiary's share, regardless of the ownership percentage. Given that a parent owns 80% of a subsidiary's voting stock, 100% of the intangible assets (from both the parent and the subsidiary) are included in the consolidated balance sheet.
However, it's crucial to recognize any goodwill or excess of the purchase price over the fair value of the net identifiable assets acquired in the transaction. Goodwill arises when the purchase price of the subsidiary is higher than the fair value of its net assets, and is considered an intangible asset.
Based on the following information: Assets - reserves 30, bonds 50, and loans 50; Liabilities - deposits 300 and equity 30, if any of these assets are intangible and belong to the subsidiary, they would be fully reported on the consolidated balance sheet, along with any adjustments for impairment or amortization since acquisition.