代写N1612 Intermediate Financial Accounting – Workshop 2代写留学生Matlab语言
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1. Basic Consolidated statement of financial position
On 31 Dec 2022 P ltd acquired 100% of the issued ordinary share capital of S ltd. Their statements of financial position on 31 Dec 2022 are shown below.
Required prepare the consolidated statement of financial position on 31 Dec 2022
The statement of financial position as at 31 Dec 2022
|
|
P Ltd |
S Ltd |
|
|
£ |
£ |
|
PPE |
25,000 |
4,000 |
|
Investment in S Ltd |
5,000 |
|
|
Current Assets |
30,000 |
16,000 |
|
|
60,000 |
20,000 |
|
|
|
|
|
Share Capital |
20,000 |
5,000 |
|
Reserves |
30,000 |
0,000 |
|
|
50,000 |
5,000 |
|
Current Liabilities |
10,000 |
15,000 |
|
|
60,000 |
20,000 |
|
|
|
|
2. Consolidation with Goodwill
On 31 Dec 2022 P ltd acquired 100% of the issued ordinary share capital of S ltd. Their statements of financial position on 31 Dec 2022 are shown below.
Required prepare the consolidated statement of financial position on 31 Dec 2022, assuming the assets and liabilities of S ltd are measured at fair value in the statement below.
The statement of financial position as at 31 Dec 2022
|
|
P Ltd |
S Ltd |
|
|
£ |
£ |
|
PPE |
25,000 |
4,000 |
|
Investment in S Ltd |
10,000 |
|
|
Current Assets |
30,000 |
12,000 |
|
|
65,000 |
16,000 |
|
|
|
|
|
Share Capital |
20,000 |
5,000 |
|
Reserves |
35,000 |
1,000 |
|
|
55,000 |
6,000 |
|
Current Liabilities |
10,000 |
10,000 |
|
|
65,000 |
16,000 |
|
|
|
|
3. Goodwill Calculation
P ltd acquired 600 £1 ordinary shares in S ltd for £4,000 on 1 Jan 2022. At that date the capital & reserves of S Ltd were:
£
Share Capital (£1 ord shares) 1,000
Retained Earnings 5,000
6,000
At the acquisition date, the fair value of non-controlling interest is estimated to be £3,000
Calculate the goodwill arising on acquisition if non-controlling interest measured at fair value.
4. Pre/Post Acquisition reserves
On 1 Jan 2022 P ltd acquired 100% of the issued ordinary share capital of S ltd. On that date, the retained earnings reserve of S ltd was £10,000.
Required prepare the consolidated statement of financial position on 31 Dec 2022.
Their statements of financial position on 31 Dec 2022 are shown below.
|
Statement of financial position as at |
31 Dec 2022 |
31 Dec 2022 |
|
|
P Ltd |
S Ltd |
|
|
£ |
£ |
|
PPE |
50,000 |
10,000 |
|
Investment in S Ltd |
25,000 |
|
|
Current Assets |
40,000 |
25,000 |
|
|
115,000 |
35,000 |
|
|
|
|
|
Share Capital |
25,000 |
10,000 |
|
Retained Earnings |
75,000 |
15,000 |
|
|
100,000 |
25,000 |
|
Current Liabilities |
15,000 |
10,000 |
|
|
115,000 |
35,000 |
5. Non controlling interest question (Minority Interest)
On 1 Jan 2022 P ltd acquired 8,000 ordinary shares in S ltd. On that date the retained earnings reserve of S ltd was £10,000 and the fair value of non-controlling interest was £5,000.
Required
Prepare the consolidated statement of financial position on 31 Dec 2022.
Their statements of financial position on 31 Dec 2022 are shown below.
|
Statement of financial position as at |
31 Dec 2022 |
31 Dec 2022 |
|
|
P Ltd |
S Ltd |
|
|
£ |
£ |
|
PPE |
50,000 |
10,000 |
|
Investment in S Ltd |
25,000 |
|
|
Current Assets |
40,000 |
25,000 |
|
|
115,000 |
35,000 |
|
|
|
|
|
Share Capital (£1) |
25,000 |
10,000 |
|
Retained Earnings |
75,000 |
15,000 |
|
|
100,000 |
25,000 |
|
|
|
|
|
|
|
|
|
Current Liabilities |
15,000 |
10,000 |
|
|
115,000 |
35,000 |
6. Self-study exercise
On 1 Jan 2022 P ltd acquired 7,000 ordinary shares in S ltd. On that date the retained earnings reserve of S ltd was £10,000 and the fair value of non-controlling interest was £6,000.
Required
Prepare the consolidated statement of financial position on 31 Dec 2022.
Their statements of financial position on 31 Dec 2014 are shown below.
|
Statement of financial position as at |
31 Dec 2022 |
31 Dec 2022 |
|
|
P Ltd |
S Ltd |
|
|
£ |
£ |
|
PPE |
50,000 |
10,000 |
|
Investment in S Ltd |
25,000 |
|
|
Current Assets |
40,000 |
25,000 |
|
|
115,000 |
35,000 |
|
|
|
|
|
Share Capital (£1) |
25,000 |
10,000 |
|
Retained Earnings |
75,000 |
15,000 |
|
|
100,000 |
25,000 |
|
|
|
|
|
|
|
|
|
Current Liabilities |
15,000 |
10,000 |
|
|
115,000 |
35,000 |