Brief Exercise 9-26 Bramble Corp. is facing a decision as to whether to purchase 40% of Kyla Corps shares for $1.80 million cash olving Bramble significant influence over the investee company, or 60% of making Kyla a subsidiary company. The book value of Kyla's net assets is $4.50 million (assets are $10 million and liabilities are $5.50 million). How will this investment affect Bramble's statement of financial position if Bramble acquires a 40% Interest, assuming Bramble applies IFRS? Indicate the immediate effect on Bramble's to shareholders' equilty. (Enter answers in millions to 2 decimal places, .. 1.25. Do not leave any answer field blank. Enter for amounts and no effect for effects. If an am then enter with negative sion.) Assets Ilabilities Shareholders' equity million Invest in Assedate O milion No Effect millo million cach Om No Effect millo million No Net Effect 0 million No Net Effect millio How will this investment affect Dramble's statement of Finandal portion Shareholders' equity. (Enter answers in millions to 2 decimal places amble coures a 60. Interest, as ing lambe applies IFRS? Indicate the immediate effect on Bramble's to 1.25 Do not leave an answer fieldbank Enter for amounts) Liabilities Shareholders' equity Invest in Associate whether to purchase 40% of Kyla Corps shares for $1.30 million cash, giving Bramble significant influence over the investee company, or 60% of Kyla's shares for $2.70 million cash, ook value of a's net tsis 450 million sets are $10 min and are $5.50 min) statement of financial position millions to 2 decimal places Bramble acquires a 40% Interest i ng Brambe les IFRSIndicate the immediate effect on Bramble's total assets total e s and 1.25. Do not leave any answer field and Enter for amounts and no effect for effects. If an amount reduces the account balance Liabilities ASSOL million No Effect Shareholders' equity million No Effect Omo No Effect O million No Effect million No Net Effect milion No Net Effect statement of financial position if Bramble cours 50% Interest i ng Bramble pas FRS1dicate the millions to decimal places 1.25. Do not leave any answer field blank Enter for amounts) date effect on Brambles totalsts, tot and Liabilities Shareholders' equity million No Erect Brief Exercise 9-26 Bramble Corp. is facing a decision as to whether to purchase 40% of Kyla Corps shares for $1.80 million cash olving Bramble significant influence over the investee company, or 60% of making Kyla a subsidiary company. The book value of Kyla's net assets is $4.50 million (assets are $10 million and liabilities are $5.50 million). How will this investment affect Bramble's statement of financial position if Bramble acquires a 40% Interest, assuming Bramble applies IFRS? Indicate the immediate effect on Bramble's to shareholders' equilty. (Enter answers in millions to 2 decimal places, .. 1.25. Do not leave any answer field blank. Enter for amounts and no effect for effects. If an am then enter with negative sion.) Assets Ilabilities Shareholders' equity million Invest in Assedate O milion No Effect millo million cach Om No Effect millo million No Net Effect 0 million No Net Effect millio How will this investment affect Dramble's statement of Finandal portion Shareholders' equity. (Enter answers in millions to 2 decimal places amble coures a 60. Interest, as ing lambe applies IFRS? Indicate the immediate effect on Bramble's to 1.25 Do not leave an answer fieldbank Enter for amounts) Liabilities Shareholders' equity Invest in Associate whether to purchase 40% of Kyla Corps shares for $1.30 million cash, giving Bramble significant influence over the investee company, or 60% of Kyla's shares for $2.70 million cash, ook value of a's net tsis 450 million sets are $10 min and are $5.50 min) statement of financial position millions to 2 decimal places Bramble acquires a 40% Interest i ng Brambe les IFRSIndicate the immediate effect on Bramble's total assets total e s and 1.25. Do not leave any answer field and Enter for amounts and no effect for effects. If an amount reduces the account balance Liabilities ASSOL million No Effect Shareholders' equity million No Effect Omo No Effect O million No Effect million No Net Effect milion No Net Effect statement of financial position if Bramble cours 50% Interest i ng Bramble pas FRS1dicate the millions to decimal places 1.25. Do not leave any answer field blank Enter for amounts) date effect on Brambles totalsts, tot and Liabilities Shareholders' equity million No Erect