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Need answers and step by step solution for each part thanks You are given the following information about Sporty plc: Sporty plc Statement of financial
Need answers and step by step solution for each part thanks
You are given the following information about Sporty plc: Sporty plc Statement of financial position (extract) EQUITY 25p Ordinary share capital Other reserves Retained profits Total equity 31 May 2015 m 5 31 May 2009 Em 2 10 17 Lazy plc purchased 12m shares in Sporty plc on 31 May 2009 at a purchase price of 8m Lazy plc's reserves at 31 May 2015 totalled 82 m Required a) Calculate the goodwill cost of control b) Calculate the consolidated reserves of Large group at 31 March 2014 c) Calculate the minority interests at 31 March 2014 [2 marks] [2 marks] [1 mark] 1 mark] d) Define what group relationship is there between Lazy plc and Sporty plc. e) Discuss how you would determine if Lazy plc has a controlling interest in Sporty plc 4 marks] [Total 10 marks]Step by Step Solution
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