603 GROUP REPORTING V COMPLEX CONSOLIDATION ISSUS The financial statements of P Co, Y Co, Z Co, and W Co for the year ended 31 December 20x% are shown below: Income Statement For the Year Ended 31 December 20x5 Y Co Z Co $2,400,000) $1,200,000 $600,000 480,000 (240,000) (150,000) $1,920,000 960,000 50,000 384,000 (100,000) $1,184,000 900,000 (100,000) 600,000 Retained earnings, 1 January 20xS... 1,450,000 (500,000) $2,870,000 Statement of Financial Position As at 31 December 20x5 P Co Y Co Z Co 3,000,000 $2,120,000 750,000 $1,900,000 Investment in Y Co, at cost 1,200,000 960,000 500,000 1,500,000 250,000 50,000 300,000 500,000 Intercompany recelvable. Accounts recelvable 350,000 250,000 90,000 100,000 $7,780,000 $4,870,000 $1390,000 $2,850,000 $2,660,000 $2,110,000 20,000 366,000 970,000 1,184,000 7,780,000 $4,870,000 $1,390,000 $2,850,000 120,000 250,000 1,000,000 z Co W Co 1 Jul 20x3 90% 1 Jan 20x4 30% 1 Jan 20x2 Percentage acquired by Y Co Shareholders' equity at date of acquisition: $400,000 $800,000 500,000 $1,000,000 Revaluation reserves $1,600,000 $900,000 $1,700,000 603 GROUP REPORTING V COMPLEX CONSOLIDATION ISSUS The financial statements of P Co, Y Co, Z Co, and W Co for the year ended 31 December 20x% are shown below: Income Statement For the Year Ended 31 December 20x5 Y Co Z Co $2,400,000) $1,200,000 $600,000 480,000 (240,000) (150,000) $1,920,000 960,000 50,000 384,000 (100,000) $1,184,000 900,000 (100,000) 600,000 Retained earnings, 1 January 20xS... 1,450,000 (500,000) $2,870,000 Statement of Financial Position As at 31 December 20x5 P Co Y Co Z Co 3,000,000 $2,120,000 750,000 $1,900,000 Investment in Y Co, at cost 1,200,000 960,000 500,000 1,500,000 250,000 50,000 300,000 500,000 Intercompany recelvable. Accounts recelvable 350,000 250,000 90,000 100,000 $7,780,000 $4,870,000 $1390,000 $2,850,000 $2,660,000 $2,110,000 20,000 366,000 970,000 1,184,000 7,780,000 $4,870,000 $1,390,000 $2,850,000 120,000 250,000 1,000,000 z Co W Co 1 Jul 20x3 90% 1 Jan 20x4 30% 1 Jan 20x2 Percentage acquired by Y Co Shareholders' equity at date of acquisition: $400,000 $800,000 500,000 $1,000,000 Revaluation reserves $1,600,000 $900,000 $1,700,000