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In Section B i got Cash flow Question and consolidate question. it was very easy, but in Section A I got difficult MCQ’s, finally Pass. thanks for opentuition.
I am F3 student, actually I ask this question because one of my friend argue me with this question. And Thanx all for your kind help.
Hi, can you please help me to find goodwill for this question,
Jolly acquired 90% of the share capital of Roger on 1 January 2010 for $51,840. Roger was incorporated on that date.On 31 December 2012 the company’s Statements of Financial Position were as follows:
Jolly Roger
Non-currentassets $168,000 $ 86,400
Investment in Roger at cost$51,840
Current assets $64,800 $36,000
Share capital – $1 shares $148,800 $57,600
Retained earnings $107,040 $46,800
Current liabilities $28,800 $18,000
What amount should appear for goodwill in the consolidated statement of financial position?
Zero,
$51,840
$46,800
$57,600If parent acquired 100% of subsidiaries then how can we find FV of NCI
for example: Pco acquired 100% of the share capital of Sco on 1 September 2005 for $144,000, on which day the retained earnings of Beta were $34,560 and the fair value of the non-current assets was $36,000 more than their carrying value.
is their is any easy methods to remember formats of prepayments and Accruals accounts. while i do although all practice i done these things wrong.
sir, i can’t watch f1 video lectures. i want watch all lectures before my exam. please help me to solve that problem.
