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Hi Mike,
I think I am being stupid here, keep looking at the same question and cannot get my head around it. Basically, I want to know why do we need to add the £15 & £18 back on Other asset on the statement of financial position please?Hi Mike,
Thank you for your reply, but I am still confused. on working 2 – Goodwill, you added the Fair value adjustment for Inventory, dep’n current asset, & non’dep’n current asset into the calculation to get the goodwill value. on working 3, you taken into account of the Fair value adjustment for NDNCA & DNCA to get the Conts retained earning figure for the parent company. I understand that we assumed inventory would be all sold at the end year, but why do we need to add the NDNCA £15 & DNCA £18 on the balance sheet? The OA should it not be just (350 + 300 = 650)? why do we need to add the 15 &18 onto the OA as well to get to 683 please? I thought we took care of the double entry on working 2 & 3??Thank you