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2 & 1 point On July 1 2019, Decor Ltd acquired 70% of the share capital of Subsidiary Ltd for $700 000. At the date
2 & 1 point On July 1 2019, Decor Ltd acquired 70% of the share capital of Subsidiary Ltd for $700 000. At the date of acquisition, the total shareholders' equity in Subsidiary Ltd was made up as follows: $450 000 Share capital Retained earnings General Reserve $250 000 $100 000 $800 000 At the date of acquisition, all the identifiable assets and liabilities of Subsidiary Ltd were recorded at amounts equal to fair value except for inventory. The carrying amount for inventory in the financial records of Subsidiary Ltd was $9 000. The fair value of inventory was $16 000. The inventory is sold during the year ended at 30 June 2020. Required What is the amount of non controlling interest in Business Combination Valuation Reserve (BCVR) account on 30 June 2020? (Please provide a numerical value without a sign ($, + or -) punctuation, or space.) Type your answer... 2 & 1 point On July 1 2019, Decor Ltd acquired 70% of the share capital of Subsidiary Ltd for $700 000. At the date of acquisition, the total shareholders' equity in Subsidiary Ltd was made up as follows: $450 000 Share capital Retained earnings General Reserve $250 000 $100 000 $800 000 At the date of acquisition, all the identifiable assets and liabilities of Subsidiary Ltd were recorded at amounts equal to fair value except for inventory. The carrying amount for inventory in the financial records of Subsidiary Ltd was $9 000. The fair value of inventory was $16 000. The inventory is sold during the year ended at 30 June 2020. Required What is the amount of non controlling interest in Business Combination Valuation Reserve (BCVR) account on 30 June 2020? (Please provide a numerical value without a sign ($, + or -) punctuation, or space.) Type your
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