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Canadian Advanced financial accounting. I need help answering a-i. Thank you Now assume that on December 31,2021,PSI paid $1,060,000 cash to acquire 80% of SSI's

Canadian Advanced financial accounting. I need help answering a-i.
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Now assume that on December 31,2021,PSI paid $1,060,000 cash to acquire 80% of SSI's outstanding common shares. (No additional costs were incurred.) PSI tested the CGU for impairment on December 31, 2023. Goodwill was found to be impaired by $46,000. PSI's non-consolidated comparative statement of financial position as at December 31,2023 , and its non-consolidated statement of comprehensive income for the year ended December 31,2023 , are set out below: a) Use the acquisition method to allocate the acquisition differential and determine goodwill arising on acquisition, assuming that PSI uses the identifiable net assets (INA) method to value the non-controlling interest ( NCl ). (5 marks) b) Use the acquisition method to allocate the acquisition differential and determine goodwill arising on acquisition, assuming that PSI uses the fair value enterprise (FVE) method to value the NCl. (5 marks) For all remaining parts of the question assume that PSI uses the FVE method. c) Prepare an acquisition differential and impairment schedule for 2023. Provide references for each line in the AD schedule that will be used to reference through to the consolidated financial statements. (10 marks) d) Prepare a list of all intercompany transactions and balances that are pertinent to the case facts and should be eliminated upon consolidation. ( 4 marks) e) Calculate all unrealized and realized intercompany profits. Include a calculation of the total deferred tax asset/liability. (12 marks) f) Prepare PSI's consolidated statement of comprehensive income for the year ended December 31,2023 . Show the allocation between the parent and the NCl. (18 marks) g) Prepare PSI's consolidated statement of retained earnings for the yearended December 31, 2023. (4 marks) h) Calculate the NCl on the statement of financial position as at December 31, 2023. (4 marks) i) Prepare PSI's consolidated statement of financial position as at December 31, 2023. (18 marks)

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