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

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

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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What amount will be reported as non-controlling interest?
On 1 June 2013, Sun Ltd acquired 75% interest (and control) over Savy Ltd by acquiring 570 000 of the issued ordinary shares of Savy Ltd. The consideration paid was settled in cash amounting to R810 000. On this date the retained earnings of Savy Ltd amounted to R125 000 and 760 000 ordinary shares worth R950 000. The Sun Ltd Group measures non-controlling interests in an acquiree at its proportional share of the aquiree’s identifiable net assets at acquisition date (partial goodwill method). Calculate the amount of goodwill. Select one: a. R3 750 b. R2 000 c. RNIL d. R272 500
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H1. Account
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B8.
q4
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What is the controlling (parent’s) interest – retained earnings or the consolidated retained earnings on December 31, 20x1, considering the intercompany transactions
Q25 On 1 June 2013, Sun Ltd acquired 75% interest (and control) over Savy Ltd by acquiring 570 000 of the issued ordinary shares of Savy Ltd. The consideration paid was settled in cash amounting to R810 000. On this date the retained earnings of Savy Ltd amounted to R125 000 and 760 000 ordinary shares worth R950 000. The Sun Ltd Group measures non-controlling interests in an acquiree at its proportional share of the aquiree’s identifiable net assets at acquisition date (partial goodwill method). On 31 December 2015, goodwill was tested for impairment and it was determined by the directors of Sun Ltd that the goodwill was impaired with R2 750 at the end of the current financial year. The amount that will be disclosed as goodwill in the consolidated statement of financial position of the Sun Ltd Group as at 31 December 2015, is_______. Select one: a. R1 000 b. RNIL c. R269 750 d. R3 750
What is the non-controlling interest in Net Income for 20x1, considering intercompany transactions?

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