Please help it's urgent

In early September Year 1, your firm's audit client, D Lid. (D) acquired in two separate transactions an 80% interest in N Lid. (N) and a 40% interest in K Lid. (K). All three companies are federally incorporated Canadian companies that follow IFRS and have August 31 year-ends. They all manufacture small appliances, but they do not compete with each other. You are the senior on the audit of D. The partner has just received the preliminary consolidated financial statements from the controller or along with unconsolidated statements for the three separate companies. Extracts from these statements are summarized in Exhibit 1. The partner suspects that the acquisition differential at the date of acquisition was not calculated correctly and asks you to recalculate the acquisition differential. Upon further review, the partner also suspects that there are other errors in the information provided and asks you to confirm the balance in Investment in Kon D's unconsolidated financial statements. As well as Goodwill, Non-controlling Interest on the Balance Sheet, and Consolidated Profit on D's consolidated financial statements, Pick one of the accounting errors that you uncovered in this file, and in your opinion state how you would explain this issue to the client including why it was incorrect. (Maximum: 300 words) Exhibit 1: EXTRACTS FROM FINANCIAL STATEMENTS Al August Year 2 (In thousands) Considered D M D) $4.000 52100 2.100 Investment in N Lid at cost Investment in K Lid, at cost Deferred development costs S 90 60 590 Goodwill Non controlling interest 52.000 6.000 6.000 L000 Common shares 615 1.850 1.760 Retained earnings beginning 100 660 600 300 Profit (200) (150) 003 (400) Dividends $1,710 878 Retained earnings, end of year $ $18 S1950 Dacquired the so interest in N for $4,000,000 paid as follow (1) $2.000.000 in cash and (2) 160.000 common shares of D recorded in the books of Dat $2,000,000 Dacquired its 40% interest in Kat a cost of $2.100.000, paid as follows (1) S100.000 in cash, and (2) 160.000 common shares of recorded in the books of D at 52,000,000 Exhibit 2: During the course of the audit, the following information was obtained 1. The carrying amount of 80% of N's net assets at the date of acquisition was 52.280.000. The acquisitice differential consisted of the following The excess of fair value of land over carrym amount BO The excess of fair value of plant and equipment Carrying 0.000 201 non controlling interest share of een of fair value overcuri Goodwill of written of Deferred research and development produs written of Unallocated excess The plant and equipment had a remaining meful life of ten years when Dacquired N. 2. The price paid by D for its investment in Kwas to lower than 80% of the fair value of die assets 3. During August Year 2. K sold goods to Das follows: SL.00000 Cost to L230 000 Normaling price Price poidly Dhad not sold these goods as of August 31. Year 2. Nalo sold poods to Din August Year 2 and had not sold them by August 31. Year 2 SS CN 250.000 Normal price Price paid by D 4. For the year ended August Year 2.D's sales were $8,423.300 and sales were 56.14450 5. The companies pay income tax at the rate of 40%