Q1. A. company A is subsidiary company, its total assets is 400,000 $, and its total liabilities is 100,000$. Additionally, total assets of parent company (B) which acquires 100% of company A is 900,000$ including the investment cost in company B account which equals 350,000$, and total liabilities of company A is 200,000$. Take in mind that book value and fair value of assets and liabilities of company B are equal. What is the total assets that should be recognized in the consolidated statement of financial position directly after acquisition?

Q1. B. in 1/1/2018 non-controlling interest account has been reported in the consolidated statement of financial position that prepared directly after acquisition 96,000$, and parent investment is 80%. What is the total equity of subsidiary in 1/1/2018?