Hi Sir,
Thank you for the wonderful video. After your tutor, I have tried to consolidate the SFP, however the liability and asset was not balance. Can you help me with them? Below are my work:
Consolidated BS
Non-current asset $316,279,070
Goodwill $83,720,930
Current asset $180,697,674
Total asset $580,697,674
Current liability $95,348,837
Non-current liability $95,116,279
Share capital $250,000,000
Retained earning $110,930,233
Parent retained earning $110,000,000
Ex change loss on goodwill ($11,015,912)
Post acquisition RE $11,946,145
Total asset & liability $551,395,349
There was 29m unbalance, I don't know where is the mistake.
Thank you for the wonderful video. After your tutor, I have tried to consolidate the SFP, however the liability and asset was not balance. Can you help me with them? Below are my work:
Consolidated BS
Non-current asset $316,279,070
Goodwill $83,720,930
Current asset $180,697,674
Total asset $580,697,674
Current liability $95,348,837
Non-current liability $95,116,279
Share capital $250,000,000
Retained earning $110,930,233
Parent retained earning $110,000,000
Ex change loss on goodwill ($11,015,912)
Post acquisition RE $11,946,145
Total asset & liability $551,395,349
There was 29m unbalance, I don't know where is the mistake.