=+. It is Group policy to charge any impairment of goodwill to cost of sales. _ OPUS,
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=+. It is Group policy to charge any impairment of goodwill to cost of sales.
_ OPUS, SONATA and PRELUDE each follow a policy of depreciating all fixed assets at 10% per annum on their carrying value. Depreciation is charged to cost of sales in the statement of comprehensive income.
There were no inter-company sales between OPUS, SONATA and PRELUDE, and the directors of OPUS are not directors of SONATA or PRELUDE.
Requirement Assuming that SONATA is to be accounted for as a subsidiary and PRELUDE as an associate, prepare the consolidated statement of comprehensive income of
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Related Book For
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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