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please solve the whole question 2. Warmington Ple produces a range of children's toys and markets and sells them under its intemally developed brand, KidzToys,
please solve the whole question 2. Warmington Ple produces a range of children's toys and markets and sells them under its intemally developed brand, KidzToys, The brand is now highly respected, and the products are regarded as 'must have' toys. On 1 July 20X3 Fraser Ple acquired the whole of Warmington Ple for 150 million. At this date, a brand valuation expert valued the KidzToys brand at 15 million on the basis of a useful life of 5 years. Orher net assets were deemed to have a fair value of f25 million. Required (20 Marks): - Assuming that the goodwill arising on the acquisition of Warmington was not impaired at 30 June 20X4, what amounts for intangible assets should be recognised in Fraser Ple's consolidated financial statements at 30 June 204 in respect of this transaction? - Would this transaction affect the income statement for the period ended 30 June 20X4 ? If 50 , what is the effect and how much is it
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