The summarized statements of financial position of Yourow plc and Sentus Ltd at 31 December year 6

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The summarized statements of financial position of Yourow plc and Sentus Ltd at 31 December year 6 were as follows: image text in transcribed

Yourow bought 75 per cent of the shares of Sentus on 31 December year 2. At that date the retained earnings of Sentus were £70,000.

At 31 December year 6 the original value of goodwill had been impaired by £32,000. Prepare the group statement of financial position as at 31 December year 6.

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Accounting Understanding And Practice

ISBN: 9780077139131

4th Edition

Authors: Robert Perks

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Question Posted: May 13, 2024 02:02 PM

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The summarized statements of financial position of Yourow plc and Sentus Ltd at 31 December year 6

Question:

Yourow plc Sentus Ltd 000 000 Non-current assets 700 400 Investment in Sentus Ltd at cost 450 Current assets 250 300 Total assets 1,400 700 Current liabilities 220 170 Ordinary share capital 1,000 430 Retained earnings 180 100 1,400 700

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Group statement of financial position Items Yourow Sentus Group plc ltd 000 000 000 Non 700 400 1100 ...View the full answer

Accounting Understanding And Practice

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