Hercules acquired 8 0 % of the share capital of Samson a tew years ago. At the
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Hercules acquired of the share capital of Samson a tew years ago. At the date of the acquisition the
retained earnings of Hercules was $ million. The following data is available for the year end:
The issued capital of both entities remained unchanged since incorporation. The movement in dividend
for the year ended on st December Xcurrent year is the following:
Hercules recognized the dividend receivable from Samson as income. None of the dividends approved
this year was paid until the end of the reporting period. The goodwill is not impaired and non controlling
interests are recognized at their share of the net assets.
Prepare the consolidate balance sheet as at st December X
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