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Miner Ltd acquired 75% of the share capital of Iver Ltd (Iver) for £1.2m three years ago, when Iver 's net assets were £1.4m. As at 31 August 2020, Iver has net assets of £1.75m. What figures would be included in the consolidated Statement of Financial Position as at 31 August 2020 for the Miner Group to reflect the ownership of Iver Ltd? a) Goodwill £200,000 Non-controlling interest £1,312,500 b) Goodwill £150,000 Non-controlling interest £437,500 c) Goodwill £150,000 Non-controlling interest £1,312,500 d) Goodwill £200,000 Non-controlling interest £437,500 Show working

Miner Ltd acquired 75% of the share capital of Iver Ltd (Iver) for £1.2m three years ago, when Iver 's net assets were £1.4m. As at 31 August 2020, Iver has net assets of £1.75m. What figures would be included in the consolidated Statement of Financial Position as at 31 August 2020 for the Miner Group to reflect the ownership of Iver Ltd? a) Goodwill £200,000 Non-controlling interest £1,312,500 b) Goodwill £150,000 Non-controlling interest £437,500 c) Goodwill £150,000 Non-controlling interest £1,312,500 d) Goodwill £200,000 Non-controlling interest £437,500 Show working

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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.Miner Ltd acquired 75% of the share capital of Iver Ltd (Iver) for £1.2m three years ago, when Iver 's net assets were £1.4m. As at 31 August 2020, Iver has net assets of £1.75m.
What figures would be included in the consolidated Statement of Financial
Position as at 31 August 2020 for the Miner Group to reflect the ownership of Iver Ltd?
a) Goodwill £200,000
Non-controlling interest £1,312,500
b) Goodwill £150,000
Non-controlling interest £437,500
c) Goodwill £150,000
Non-controlling interest £1,312,500
d) Goodwill £200,000
Non-controlling interest £437,500

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