DE acquired 85% of the ordinary share capital of OP on 31 March 20X1. At the date of acquisition the non-controlling interest had a fair value of £700,000. 31 March 20X1 31 March 2OX3 Ordinary share capital 900,000 900.000 Retained earnings 1,200,000 2.100,000 What is the figure for non-controlling interest in the Consolidated Statement Of Financial Position at 31 March 20X3? A £410,000 B £385,000 C£565,000 D £835,000

Q: Red owns 80% of White & 40% of Blue. At acquisition White/Blue reserves were £16,000 and £8,000…

A: a) Group Balance Sheet at 31-Dec-21Non-current assets: £58,000 (48,000 + 10,000)Investment in White:…

Q: P Limited obtained control with the acquisition of an 80% equity interest in the share capital of S…

A: Goodwill is the amount paid by the acquirer in excess of the fair value of net assets of the…

Q: Assume that Company A acquires 70 per cent of Company B for a cash price of $14 million when the…

A: Note: Since you have posted a question with multiple sub-parts, we will solve first three subparts…

Q: Quark acquired 70% of the 1m issued £1 ordinary shares of Whey on 1 January 20X1 when Whey's…

A: A minority interest seems to be another term for a non-controlling interest. This is a situation…

Q: On January 1, 2022, P Co acquired 75% of S Co common stock for $344,000 in cash, At the acquisition…

A: Answer:- Non-controlling interest - It is an ownership position where shareholder owns less than 50%…

Q: Q1. Z Corporation acquired 100% of the outstanding common stock of Sake X Corporation for $3,000,000…

A: INTRODUCTION:Common stock is a type of stock that permits its holders to vote at shareholder…

Q: Sterne acquired 60% of the voting equity shares of Defoe. Defoe had the following equity at the date…

A: Answer:-  Goodwill :- When a company is acquired by another, goodwill an intangible asset is also…

Q: Financial statements for Parent and Subsidiary for the year ended December 31, 2x19 follow: INCOME…

A: Consolidated liabilities are the sum of all the liabilities of subsidiary and company which is…

Q: On 1/1/2019, P CO acquired 80% of S Co common stock for $172,000 in cash At the acquisition date the…

A: The total stockholders' equity in the consolidated balance sheet will include the total…

Q: Assume H Ltd purchased 80% of the equity shares of S Ltd at a price of Rs 90,000 two years ago when…

A: Formula: Profits attributable to H Ltd = Total Accumulated profit balance x ownership owned…

Q: On 1 July 2014 Padma Ltd acquires 25 per cent of the issued capital of Jamuna Ltd for a cash…

A: Equity method of accounting:- This method is used when one company invests in another company and…

Q: On 1 July 2020, Sky Ltd acquired 70% of the share capital (ex. div.) of Jim Ltd for $500,000. At…

A: Part 2: ExplanationIn Step 1, we calculated the NCI share of Jim Ltd's equity on the acquisition…

Q: Hlayisani Ltd acquired 60% of the voting shares of the Mashele Ltd on 31 January 2014 for R65 000…

A: Minority shareholders are also written as non controlling interest. It represents those portion of…

Q: Prepare a consolidated statement of financial position as at 31 December 20X1.

A:

Q: Summer acquired 70% of the ordinary shares of Winter for €200,000 on 31 December 20X3 when the net…

A: Formula: Goodwill = Purchase price - book value

Q: Q5- On January 3, 20X9, Redding Company acquired 80 percent of Frazer Corporation's common stock for…

A: The total stockholders' equity in the consolidated balance sheet will include the total…

Q: PAR plc acquired 75% of voting rights of SUB plc on 30th of June, 20X2 when SUB's retained earnings…

A: NCI stands for non controlling interest, it is also called minority interest. NCI occurs when…

Q: 2. At 1 January 20X6 Steller acquired 75% of the share capital of Nebula for capital of Nebula…

A: Goodwill refers to the intangible value of a business that arises from factors such as its…

Q: calculate the value of the NCI at the date of acquisition.

A: We first need to determine the net asset value. This can be computed with the formula below:

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.