(A) Does the existence of the NCI affect the BCVR entries? Why or why not? Using the following information demonstrate how the existence of an NCI affects the pre-acquisition entry. Explain the journal entry line by line. Gold Ltd acquired 90% of Hardwood Ltd for $252,000 cash on 1 July 2019. At that date the equity of Hardwood included the following: Share Capital Retained Earnings $200 000 80 000 280 000 (B) Discuss the change to the consolidation worksheet columns with the introduction of the NCI. In your answer consider the disclosures required for the parent and the NCI in the consolidated financial statements. Demonstrate to the class, using the following information, the purpose of each column in the worksheet. P Ltd acquired 90% of S Ltd. Profit of P Ltd is $100 000, and profit for S Ltd is $50 000 (the NCI is entitled to 10% of this profit). (A) Does the existence of the NCI affect the BCVR entries? Why or why not? Using the following information demonstrate how the existence of an NCI affects the pre-acquisition entry. Explain the journal entry line by line. Gold Ltd acquired 90% of Hardwood Ltd for $252,000 cash on 1 July 2019. At that date the equity of Hardwood included the following: Share Capital Retained Earnings $200 000 80 000 280 000 (B) Discuss the change to the consolidation worksheet columns with the introduction of the NCI. In your answer consider the disclosures required for the parent and the NCI in the consolidated financial statements. Demonstrate to the class, using the following information, the purpose of each column in the worksheet. P Ltd acquired 90% of S Ltd. Profit of P Ltd is $100 000, and profit for S Ltd is $50 000 (the NCI is entitled to 10% of this profit)