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Please provide ans for part D/E & F, an expert already repl intangible assets of Slate Ltd (at the acquisition and reporting date) is goodwill
Please provide ans for part D/E & F, an expert already repl
intangible assets of Slate Ltd (at the acquisition and reporting date) is goodwill of $15,000 which arose on the purchase of the trade and assets of a sole-trader business. (b) Calculate the net assets of Slate Ltd at the date of acquisition (01 January 2022) and at the reporting date (31 December 2022 ). Goodwill has been impaired by $75,000 at the reporting date (31 December 2022). (c) Calculate the goodwill using the proportion method at the date of acquisition (01 January 2022). (d) Calculate the non-controlling interest (NCI) as at 31 December 2022. Peridot Ltd has recently appointed an accountant, Mr Shale, following the resignation of the previous group accountant. When Mr Shale was preparing the group accounts for the year ended 31 December 2022 , he found that only the cash consideration of $650,000 has been accounted. The par value of each ordinary share for Peridot Ltd is $1. (e) Calculate the group retained earnings as at 31 December 2022 . (f) Prepare an extract of equity (Ordinary shares, Share premium, Retained earnings and NCI) and liabilities section of the consolidated statement of financial position as at 31 December 2022 showing clearly how the deferred payment and shares exchange should be accounted. [10 Marks]
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