[Kolaxt50]

your goodwill was correct ($6000).

retain earning:
at bal sheet 811500 351000
pre acquisition earing (150,000)
depre building (50,000/40) (1250)
unrealise profit (60000/2* 150/250) (18,000)
post acquisition retain earning 181,750
parent share of post 136313
total 947813

NCI
fair value 106,000
Nci share of retain earning 45,437
total 151,437

financial statement adjustment
1. ppe (592,000+470,000+50,000-1250)
2. inventary (56500+27800-18000)
3. receivable (49600+23700-3000-500)
4. cash (23700+11200+500)
5. current liability (27800+11700-3000).

NOTE: preference share will not be in the financial statement because the parent company does not have preference share.

[Author]

Posts