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please answer this question quickly, Pineapple acquired 75% of the share capital of Springs 4years ago when the reserves of Springs /R stood at $725,000.

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please answer this question quickly,

Pineapple acquired 75% of the share capital of Springs 4years ago when the reserves of Springs /R stood at $725,000. Pineapple paid an initial cash consideration of $2.4 million. In addition, Pineapple also issued 4$1 shares for every 7 acquired in Springs and agreed to pay a further $4m in 3 years' time. The market value of Pineapple's shares at the time of acquisition was \$2. Pineapple has only recorded the cash paid in respect of the investment in Springs. The cost of capital is 10% and $1 receivable three years from now is 0.75. Below are the Financial Statements of Pineapple and Springs as at 30 June 20X6 Further Information: i. At acquisition, the fair value of Spring's equipmenr exceeded its book value by $550,000. The equipment had a remaining useful life of 5years at this date. ii. Springs has an internally generated brand which has never been recognize d in its books. At the date of acquisition, the directors of pineapple valued this brand at S 400,000 with a remaining life of 10 years. iii. The consolidated goodwill has been impaired by 500,000 . iv. The Pineapple group values the Non-controlling interest using the proportion methord. Required: Prepare the consolidated statement of Financial Position as at 30 June 206. Pineapple acquired 75% of the share capital of Springs 4years ago when the reserves of Springs /R stood at $725,000. Pineapple paid an initial cash consideration of $2.4 million. In addition, Pineapple also issued 4$1 shares for every 7 acquired in Springs and agreed to pay a further $4m in 3 years' time. The market value of Pineapple's shares at the time of acquisition was \$2. Pineapple has only recorded the cash paid in respect of the investment in Springs. The cost of capital is 10% and $1 receivable three years from now is 0.75. Below are the Financial Statements of Pineapple and Springs as at 30 June 20X6 Further Information: i. At acquisition, the fair value of Spring's equipmenr exceeded its book value by $550,000. The equipment had a remaining useful life of 5years at this date. ii. Springs has an internally generated brand which has never been recognize d in its books. At the date of acquisition, the directors of pineapple valued this brand at S 400,000 with a remaining life of 10 years. iii. The consolidated goodwill has been impaired by 500,000 . iv. The Pineapple group values the Non-controlling interest using the proportion methord. Required: Prepare the consolidated statement of Financial Position as at 30 June 206

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