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1 On October 2020 Bridge pic acquired 60% of the shares in Watertoo LA that Statement of Financial Postion as at 31 December 2020 2000
1 On October 2020 Bridge pic acquired 60% of the shares in Watertoo LA that Statement of Financial Postion as at 31 December 2020 2000 000 4,000 000 7,750 11450 2.400 50 1,400 4,100 30.000 350 Extracts for the Statement of Changes in Equity for the year ended 31 December 2020 Proft for the ye 000 8.000 000 1,400 1,740 During the the months ended 31 December 2020. Bridge pls sold goods to Waeco Ltd for 525,000 Bridge pic sets its prices at cost plus 25% One third of the goods were included in the inventories of Watertoo Ltd at 31 December 2020 None of the companies paid dividends during the year ended 31 December 2020 Bridge puses FRS3 Method 2 to value Non-Controlling Inarest (NCT ACF315-Financial Accounting SECTIONA Question 1 continued CN027385 d) included in Bridge's Receivable balance due from Water of 000 December 2020, a for 20.000 had been sent by Waterloo Ltd to B but was not received uns 4 January 2021 The fair value of Water Lad's property was C800.000 higher than book value Cate the amount s Position as at 21 December 2020 for Goode 6. NOE and (17 Mark)
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