Consolidation Problem (Total: 25 questions, 4 marks each) PLid gained contral of S Led by acquiring atl it share clpital on I Jan 2010, The FV of the consideration pala was measured in 5285,000 ? The statement of f At1Ja Of the in .. and the : a straightu-line bedis/Ar 1 Jan 2010,5Lid was involved in a court case with an entity that was claiming damages froin it. S Lid had not recognized any liability in relation to the possible damages/p Lid measurod the fait value of the liability at $12,500. In March 2012, S L.t lose the court care and a payment or 517,500 was made oe i Aprit 2012. Tax mite is 30 ? The financial information for the year ended 31 Dec 2012 for the entities within the group was as follow: Required: 1. Determine the amounts that are to be reported in the consolidated financial statements of P L.td for the year ended 31 Doo 2012, ar indicated by Q1 to Q19. 2. If(a) the remaining 40% of DOA revalued inventon was still on hand by 31Dec2012; (b) the DOA revalued plant and machinery was sold on 1 July 2012 for $125000; (c) the settlement of the court case is $7500 ? (instead or $17500 in requirement 1) in April 2012, determine the amounts that are to be reported in the consolidated financial statements of P Lid for the year ended 31 Dec 2012, as indicated by Q20 to Q25. PLTD PLTD Consolidated Statement of Changes in Equity for financial year ended 31 Dec 2012 PLTD Consolidation Problem (Total: 25 questions, 4 marks each) PLid gained contral of S Led by acquiring atl it share clpital on I Jan 2010, The FV of the consideration pala was measured in 5285,000 ? The statement of f At1Ja Of the in .. and the : a straightu-line bedis/Ar 1 Jan 2010,5Lid was involved in a court case with an entity that was claiming damages froin it. S Lid had not recognized any liability in relation to the possible damages/p Lid measurod the fait value of the liability at $12,500. In March 2012, S L.t lose the court care and a payment or 517,500 was made oe i Aprit 2012. Tax mite is 30 ? The financial information for the year ended 31 Dec 2012 for the entities within the group was as follow: Required: 1. Determine the amounts that are to be reported in the consolidated financial statements of P L.td for the year ended 31 Doo 2012, ar indicated by Q1 to Q19. 2. If(a) the remaining 40% of DOA revalued inventon was still on hand by 31Dec2012; (b) the DOA revalued plant and machinery was sold on 1 July 2012 for $125000; (c) the settlement of the court case is $7500 ? (instead or $17500 in requirement 1) in April 2012, determine the amounts that are to be reported in the consolidated financial statements of P Lid for the year ended 31 Dec 2012, as indicated by Q20 to Q25. PLTD PLTD Consolidated Statement of Changes in Equity for financial year ended 31 Dec 2012 PLTD