What is the value of investment in associate shown in the consolidated statement of financial position as at 31 December 2020?

Q: Madari Ltd purchased 100% of the shares of Concerto Ltd on 1 July 2020 for $70,000. On the date of…

A: ConsolidationThe combination of one or two elements is called consolidation. When a company acquires…

Q: Hello, I saw your answer and explanation for the following question: On 31 December 2018 Pee Plc…

A: Non-controlling interest is described as that percentage of the subsidiary company which is not…

Q: Please assist that if on 1 July 2014 Padma Ltd acquires 25 per cent of the issued capital of Jamuna…

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

Q: Sunland Company acquired a 50% interest in Oriole Corporation on December 31, 2020 for $1835000.…

A: Share in Net income = Net income x interest % = $1060000 x 50% = $530,000 Share in dividend =…

Q: MoFin LTD On 10 November 2020, GoMo Ltd purchased 80% (800 shares) of the issued share  capital in a…

A: As per the given information: GoMo Ltd purchased 80% (800 shares) of the issued share. GoMo Ltd paid…

Q: At what amount is the investment reported on the statement of financial position under each of these…

A: Amount to be reported under the fair value methodNumber of shares45400fair value per share2400Amount…

Q: Hard Ltd acquired 3,200,000of the ordinary shares of Soft Ltd on 1stOctober 2010.The consideration…

A: A query has been raised regarding assembled cash records. These are the books that display the total…

Q: On 1 October 2019 A-Star Co acquired 15 million of B-Star Co's 50 million shares in exchange for 40…

A: This question deals with the investment in associates. Entity is called to be an associate of of…

Q: Cash paid on 1 January 2023 Professional fees Bank fees and charges associated with the acquisition…

A: Amount ($) Cash Paid   124,800,000 Equity shares issued     22,500,000 Deferred…

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: 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…

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.