please answer it asap i will definitely upvote The summarized statement of Financial Position of KISUMU Limited and KAKAMEGA LTD at June 2014are as followsKISUMU LTDKSH540,000675,000288,000243,0009,0001,755,000KAKAMEGA LTDKSHFixed assets book valueInvestment in KAKAMEGACurrent assets: StocksDebtorsBank414,000117,000153,00018,000702,000FINANCINGShare capital (Ksh 1 0/shares)Retained profits900,000630,0001,530,000225,0001,755,000450,000108,000558,000144,000702,000LiabilitiesKISUMU limited purchased the entire share capital of KAKAMEGA limited on June 30th 2014.The fixed assets of KAKAMEGA limited are considered to possess a fair value of Ksh 486,000, debtorsKsh 162,000, Stocks 108,000 with no material differences expected on the remaining assets.YOU ARE REQUIRED TOCalculate the goodwill arising on consolidation usingi. Assets methodii. Equity methodPrepare the consoiidated statement of financial position of KISUMU limited and her subsidiary at June30th 2014 accordingly'Ignore depreciation

Answered: Image /qna-images/answer/237c4c85-2e03-4f99-89d0-3d5c2a992e17.jpg

The summarized statement of Financial Position of KISUMU Limited and KAKAMEGA LTD at June 2014 are as follows KISUMU LTD KSH 540,000 675,000 288,000 243,000 9,000 1,755,000 KAKAMEGA LTD KSH Fixed assets book value Investment in KAKAMEGA Current assets: Stocks Debtors Bank 414,000 117,000 153,000 18,000 702,000 FINANCING Share capital (Ksh 1 O/shares) Retained profits 900,000 630,000 1,530,000 225,000 1,755,000 450,000 108,000 558,000 144,000 702,000 Liabilities 30th KISUMU limited purchased the entire share capital of KAKAMEGA limited on June The fixed assets of KAKAMEGA limited are considered to possess a fair value of Ksh 486,000, debtors Ksh 162,000, Stocks 108,000 with no material differences expected on the remaining assets. YOU ARE REQUIRED TO Calculate the goodwill arising on consolidation using i. Assets method' ii. Equity method Prepare the consoiidated statement of financial position of KISUMU limited and her subsidiary at June 30th 2014 accordingly Ignore depreciation 2014.

The summarized statement of Financial Position of KISUMU Limited and KAKAMEGA LTD at June 2014 are as follows KISUMU LTD KSH 540,000 675,000 288,000 243,000 9,000 1,755,000 KAKAMEGA LTD KSH Fixed assets book value Investment in KAKAMEGA Current assets: Stocks Debtors Bank 414,000 117,000 153,000 18,000 702,000 FINANCING Share capital (Ksh 1 O/shares) Retained profits 900,000 630,000 1,530,000 225,000 1,755,000 450,000 108,000 558,000 144,000 702,000 Liabilities 30th KISUMU limited purchased the entire share capital of KAKAMEGA limited on June The fixed assets of KAKAMEGA limited are considered to possess a fair value of Ksh 486,000, debtors Ksh 162,000, Stocks 108,000 with no material differences expected on the remaining assets. YOU ARE REQUIRED TO Calculate the goodwill arising on consolidation using i. Assets method' ii. Equity method Prepare the consoiidated statement of financial position of KISUMU limited and her subsidiary at June 30th 2014 accordingly Ignore depreciation 2014.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Hello, I need help solving this accounting problem.
Help to solve this?
rive - Google Drive 4 My Drive - Google Drive + Front Desk Operations 2020 - Go X akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=D&inprogress%3false ☆ Tp ix 02 TVCC Email P My Math Lab Log In to Canvas EX Mathway | Calculus... N Netflix , Cengage Login Login 国R. Operating Leverage Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $165,000 $505,000 Variable costs 66,200 303,000 Contribution margin $98,800 $202,000 Fixed costs 60,800 101,000 Income from operations $38,000 $101,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. Bryant Inc. b. How much would income from operations increase for each company if the sales of each increased by 10%? If required, round answers to nearest whole number. Dollars Percentage Beck Inc. $4 % Bryant Inc. c. The difference in the of income from operations is due to the difference in the operating leverages. Beck Inc.'s…
- Google Drive X 4 My Drive - Google Drive +Front Desk Operations 2020 - Go X + Assignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress%-false * Tp Ask 0 TVCC Email P My Math Lab Log In to Canvas X Mathway | Calculus.. N Netflix Cengage Login Login Rea Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process-Filling was as follows on January 1: Work in Process-Filling Department (3,500 units, 30% completed): Direct materials (3,500 x $10.60) $37,100 Conversion (3,500 x 30% x $6.80) 7,140 $44,240 The following costs were charged to Work in Process-Filling during January: Direct materials transferred from Reaction Department: 45,200…
I need answer typing clear urjent no chatgpt used i will give upvotes full explanation plz
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
I have answered A-I in the pictures I posted below. I need the answers to J-L.
A Desrnos Scientific Caloulator O Dashboard NWP Assessment Player UI Appl x ducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld%-D45890eae-ca08-4075-a619-cdfdc9fe1785#/question/7 ACC201-01 Welcome - Liferay 9 MLA Citation Gener. Goldlink e Google Keep O Dashboard ou Tube Desmos work 8.5/1 Question 8 of 10 > Prepare an income statement for Splish Brothers Inc. for the year ended December 31, 2017. Splish Brothers Inc. Income Statement For the Year Ended December 31, 2017 Net Income / (Loss) Cost of Goods Sold 2$4 24 up %
Not a previously submitted question. Thank you
NWP Assessment Player UI Ap X + -> A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c59069c8-77ac-43ad-888c-80c06e514aa6#/question/0 Update : Apps M Gmail YouTube P MyLab & Masterin... E Brytewave eReader E Home | North Car... VitalSource Books... GRLContent WP WileyPLUS E Reading List E Chapter 6.A Homework Question 1 of 6 > -/3 View Policies Current Attempt in Progress Wildhorse Co. just took its physical inventory on December 31. The count of inventory items on hand at the company's business locations resulted in a total inventory cost of $ 289,300. In reviewing the details of the count and related inventory transactions, you have discovered the following items that had not been considered. 1. Wildhorse has sent inventory costing $ 30,510 on consignment to Richfield Company. All of this inventory was at Richfield's showrooms on December 31. The company did not include in the count inventory (cost, $ 18,270) that was sold on December 28, terms FOB shipping point.…
Please respond via a memo on your thoughts of the GAAP article bellow:
Can you explain what I might be missing throughly please? I have it correct but it claims that it's not complete. What am I missing?