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FA Section B · 15 баллов · рекомендуется: 18 мин

Goodwill and non-controlling interest (Plover Group)

Задания на английском — языке экзамена. Компании и цифры вымышлены для тренировки.

On 1 January 20X5 Plover Co acquired 80% of the equity shares of Sandpiper Co for $500,000 in cash.

At that date Sandpiper's share capital was $200,000 and its retained earnings were $150,000. The fair value of Sandpiper's land was $50,000 higher than its carrying amount. No other fair value adjustments were needed.

The non-controlling interest is measured at fair value, which was $110,000 at acquisition. There has been no impairment of goodwill.

At 31 December 20X5Plover CoSandpiper Co
Retained earnings$600,000$210,000
  1. (a) What were Sandpiper's net assets at fair value at the date of acquisition ($)?2 баллов
  2. (b) Calculate the goodwill arising on acquisition ($).3 баллов
  3. (c) What is the non-controlling interest in the consolidated statement of financial position at 31 December 20X5 ($)?3 баллов
  4. (d) What are consolidated retained earnings at 31 December 20X5 ($)?3 баллов
  5. (e) Measuring the NCI at fair value at acquisition is known as:2 баллов
    Measuring the NCI at fair value at acquisition is known as:
  6. (f) How is Plover's investment in Sandpiper shown in the consolidated statement of financial position?2 баллов
    How is Plover's investment in Sandpiper shown in the consolidated statement of financial position?
15 баллов