please i need help ASAP.
i need help with task 3 ..
Task 3: It is now the end of the year 2019. You extract data from Hopkins's ERP system and pool together information from which you prepare the draft Statement of Financial Position of Hopkins Corporation SAOG. (Omani Rials) Assets: Non-Current Assets Premises 534000 Tools 270400 Computers 301600 Investments in Salisbury SAOG 714000 1820000 Current Assets: Cash 83200 Accounts Receivables 416000 Inventory 384800 884000 Total Assets 2704000 Equity and Liabilities Share Capital (Omani Rial 1 per share) 1560000 Retained Earnings 374400 Reserves 41600 Long term Bonds 395200 Accounts Payables 332800 Total Equity and Liabilities 2704000 You gather that it was on 1 January 2019. that Hopkins Corp acquired 10000 share of Salisbury Corporation SAOG (Salisbury Corp) for Omani Rials 714000. At this point of time, the market price of Salisbury SAOG's shares had been Omani Rials 1.4 per share and the retained camnings of Salisbury Corp had been Omani Rials 50000. At the acquisition date the value of Salisbury Corp's premises was Omani Rials 20000 greater than its net book value. Your perusal of the General ledger of Hopkins Corp, revealed that during the year 2019, Salisbury Corp sold goods to Hopkins Corp for Omani Rials 60000 at a markup of 20%. However, 40% of the goods sold by Salisbury Corp are still unsold by Hopkins Corp at the end of year You contact and also receive the draft financials of Salisbury Corporation SAOG from their Accountant (Omani Rials) Assets: Non-Current Assets Premises Tools 124800 Computers 124800 572000 Current Assets: Cash 20800 Accounts Receivables 208000 Inventory 384800 613600 Total Assets 1185600 Equity and Liabilities Share Capital (Omani Rial 1 per share) 728000 Retained Earnings 218400 Reserves 62400 Long term Bonds Accounts Payables 114400 Total Equity and Liabilities 1185600 YOU SET OUT TO PREPARE THE GROUP CONSOLIDATED FINANCIAL STATEMENTS IN COMPLIANCE WITH IFRS 10 FOR SUBMISSION TO THE CAPITAL MARKET AUTHORITY. Task 3: It is now the end of the year 2019. You extract data from Hopkins's ERP system and pool together information from which you prepare the draft Statement of Financial Position of Hopkins Corporation SAOG. (Omani Rials) Assets: Non. Current Assets Premises 534000 Tools 270400 Computers 301600 Investments in Salisbury SAOG 714000 1820000 Current Assets: Cash 83200 Accounts Receivables 416000 Inventory 384800 884000 Total Assets 2704000 Equity and Liabilities Share Capital (Omani Rial I per share) 1560000 Retained Earnings 374400 Reserves 41600 Long term Bands 395200 Accounts Payables 332800 Total Equity and Liabilities 270-4000 You gather that it was on 1 January 2019, that Hopkins Corp acquired 510000 share of Salisbury Corporation SAOG (Salisbury Corp) for Omani Rials 714000. At this point of time, the market price of Salisbury SAOG's shares had been Omani Rials 14 per share and the retained earnings of Salisbury Corp had been Omani Rials 50000. At the acquisition date the value of Salisbury Corp's premises was Omani Rials 20000 greater than its net book value. Your perosal of the General ledger of Hopkins Corp, revealed that during the year 2019, Salisbury Corp sold goods to Hopkins Corp for Omani Rials 60000 at a markup of 20%. However, 40% of the goods sold by Salisbury Corp are still unsold by Hopkins Corp at the end of year You contact and also receive the draft financials of Salisbury Corporation SAOG from their Accountant (Omani Rials) Assets: Non-Current Assets Premises 322400 Tools 124800 Computers 124800 572000 Current Assets: Cash 20800 Accounts Receivables 208000 Inventory 384800 613600 Total Assets 1185600 Equity and Liabilities Share Capital (Omani Rial por share) 7200 Retained Earnings 218400 Reserves 62400 Long term Bonds 62400 Accounts Payables Total Equity and Liabilities 1185600 YOU SET OUT TO PREPARE THE GROUP CONSOLIDATED FINANCIAL STATEMENTS IN COMPLIANCE WITH IFRS 10 FOR SUBMISSION TO THE CAPITAL MARKET AUTHORITY. On finishing the task of preparing the Group Consolidated Financial Statements. The Chief Financial Officer, request you to offer your assistance to Aladdin SAOG, one of the few associate Companies of Hopkins Corp. The Chief Task 3: It is now the end of the year 2019. You extract data from Hopkins's ERP system and pool together information from which you prepare the draft Statement of Financial Position of Hopkins Corporation SAOG. (Omani Rials) Assets: Non-Current Assets Premises 534000 Tools 270400 Computers 301600 Investments in Salisbury SAOG 714000 1820000 Current Assets: Cash 83200 Accounts Receivables 416000 Inventory 384800 884000 Total Assets 2704000 Equity and Liabilities Share Capital (Omani Rial 1 per share) 1560000 Retained Earnings 374400 Reserves 41600 Long term Bonds 395200 Accounts Payables 332800 Total Equity and Liabilities 2704000 You gather that it was on 1 January 2019. that Hopkins Corp acquired 10000 share of Salisbury Corporation SAOG (Salisbury Corp) for Omani Rials 714000. At this point of time, the market price of Salisbury SAOG's shares had been Omani Rials 1.4 per share and the retained camnings of Salisbury Corp had been Omani Rials 50000. At the acquisition date the value of Salisbury Corp's premises was Omani Rials 20000 greater than its net book value. Your perusal of the General ledger of Hopkins Corp, revealed that during the year 2019, Salisbury Corp sold goods to Hopkins Corp for Omani Rials 60000 at a markup of 20%. However, 40% of the goods sold by Salisbury Corp are still unsold by Hopkins Corp at the end of year You contact and also receive the draft financials of Salisbury Corporation SAOG from their Accountant (Omani Rials) Assets: Non-Current Assets Premises Tools 124800 Computers 124800 572000 Current Assets: Cash 20800 Accounts Receivables 208000 Inventory 384800 613600 Total Assets 1185600 Equity and Liabilities Share Capital (Omani Rial 1 per share) 728000 Retained Earnings 218400 Reserves 62400 Long term Bonds Accounts Payables 114400 Total Equity and Liabilities 1185600 YOU SET OUT TO PREPARE THE GROUP CONSOLIDATED FINANCIAL STATEMENTS IN COMPLIANCE WITH IFRS 10 FOR SUBMISSION TO THE CAPITAL MARKET AUTHORITY. Task 3: It is now the end of the year 2019. You extract data from Hopkins's ERP system and pool together information from which you prepare the draft Statement of Financial Position of Hopkins Corporation SAOG. (Omani Rials) Assets: Non. Current Assets Premises 534000 Tools 270400 Computers 301600 Investments in Salisbury SAOG 714000 1820000 Current Assets: Cash 83200 Accounts Receivables 416000 Inventory 384800 884000 Total Assets 2704000 Equity and Liabilities Share Capital (Omani Rial I per share) 1560000 Retained Earnings 374400 Reserves 41600 Long term Bands 395200 Accounts Payables 332800 Total Equity and Liabilities 270-4000 You gather that it was on 1 January 2019, that Hopkins Corp acquired 510000 share of Salisbury Corporation SAOG (Salisbury Corp) for Omani Rials 714000. At this point of time, the market price of Salisbury SAOG's shares had been Omani Rials 14 per share and the retained earnings of Salisbury Corp had been Omani Rials 50000. At the acquisition date the value of Salisbury Corp's premises was Omani Rials 20000 greater than its net book value. Your perosal of the General ledger of Hopkins Corp, revealed that during the year 2019, Salisbury Corp sold goods to Hopkins Corp for Omani Rials 60000 at a markup of 20%. However, 40% of the goods sold by Salisbury Corp are still unsold by Hopkins Corp at the end of year You contact and also receive the draft financials of Salisbury Corporation SAOG from their Accountant (Omani Rials) Assets: Non-Current Assets Premises 322400 Tools 124800 Computers 124800 572000 Current Assets: Cash 20800 Accounts Receivables 208000 Inventory 384800 613600 Total Assets 1185600 Equity and Liabilities Share Capital (Omani Rial por share) 7200 Retained Earnings 218400 Reserves 62400 Long term Bonds 62400 Accounts Payables Total Equity and Liabilities 1185600 YOU SET OUT TO PREPARE THE GROUP CONSOLIDATED FINANCIAL STATEMENTS IN COMPLIANCE WITH IFRS 10 FOR SUBMISSION TO THE CAPITAL MARKET AUTHORITY. On finishing the task of preparing the Group Consolidated Financial Statements. The Chief Financial Officer, request you to offer your assistance to Aladdin SAOG, one of the few associate Companies of Hopkins Corp. The Chief
