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    • There would be no logic at all in doing this.

      The ‘investment in s’ is the amount that we paid for the share capital of ‘s’.

      What we are trying to do is produce a Statement of Financial Position as though it is one big company controlled by the shareholders of the parent company.

    • We are trying to produce a Statement of Financial Position as though it was just one big company, controlled by the shareholders of the parent company.

      So the only Share Capital in the Consolidated SOFP is the share capital of the parent company (it is these shareholders who control the whole group).

      P did pay $28,000 for its holding in P, but because we are now including all the assets and liabilities of P they replace the $28,000. However since P paid more than the net assets of of P were stated at on the date of acquisition, the extra is a ‘new’ asset of goodwill that only appears when we produce the consolidated SFOP.

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