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Consolidation with minority interest

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Consolidation with minority interest

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by AvatarMikeLittle.
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  • Author
    Posts
  • January 21, 2016 at 8:45 am #296047
    Avatarollydolly
    Member
    • Topics: 2
    • Replies: 0
    • ☆

    Struggling with this kind of problems. If you know the logic behind pls help!
    P.Co. and S.Co. each make up their account on 31st of December. P. Co. buys 80% of
    the 100.000 ordinary shares of S.Co. for 175.000 on the 1st of January. S.Co’s retained
    earnings stood at 60.000 on the 31st of December. S.Co’s profit after tax for the year 31st
    of December 20X7 were 20.000. In January 20X8 S.Co declared a first and final dividend
    for 20X7 of 10.000.
    At the 31st of December 20X7 P. Co’s retained earnings stood at 110.000. This does not
    include adjustments for dividends receivable from S.Co.
    Prepare the consolidation of P. Group as of the 31st of December 20X7.
    a) retained earnings?
    b) non controlling interest?
    c) goodwill

    January 21, 2016 at 2:23 pm #296940
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23369
    • ☆☆☆☆☆

    Olly, this has no place in the F4 Ask ACCA Tutor page! It is relevant neither to F4 English variant not Global variant.

    Post it again, please, in the F7 Ask ACCA Tutor page and I’ll answer it!

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