Q1: What is Hush Groups share capital as at 1/1/2012?
Q2: What is Hushs Tangible Non-current Assets as at 1/1/2012?
Q3: What is Hush Groups Intangible Asset (Full Goodwill) as at 1/1/2012?
QUESTION 1 Hush plc acquired 80% of the ordinary shares of Shoe Led on 1 January 2012, which is the date of the following Draft financial statements: Statements of Financial Position as at 1 Hush Shop January 2012 2000 2000 2000 CDOO Non-current Assets: Plant Property and Equipment 14,850 6.225 Investment in Shoe 1,550 16,500 Current Assets: - Inventory 2.232 670 Receivables 1,858 550 - Bank 165 13 4055 1,233 Current Liabilities: -Payables (2.256) (560) (1.014 (160) -Dividends payable (500) (3.770) 720) Net current assets Non-current libres 3.500) (2.000) Net Assets 113 285 4,738 Share capital and Reserves: Ordinary shares (1 Nominal Value) 5,200 3,000 Profit and Los reserve 7085 1.738 13285 Additional notes: 1. As part of the consideration, Hush agreed to a 1-for-4 share exchange with the shareholders of Shoe, in order to acquire their shares. The market value of Hush's shares at the time were 4.60. Hush han not accounted for the issue in the above financial statemente 2. At the date of acquisition, the non-controlling interest element had a fair value of 1,080,000 3. Hush reviewed the sets of Shoe at the date of acquisition, and considered that a pleos of and had a fair value of 1.2m although Shoe recorded it at an historical cost figure of 650,000 285 513 QUESTION 2 Hush plc acquired B0% of the ordinary shares of Shoe Ltd on 1 January 2012, which is the date of the following Draft financial statements: Statements of Financial Position as at 1 Hush Shoe January 2012 000 000 000 000 Non-current Assets Plant Property and Equipment 14,850 6.225 Investment in Shop 1.650 16,500 Current Assets - Inventory 670 -Receivables 1,658 550 - Bank 165 13 4.055 1233 Current Liabilities: -Payables 12.256) (560) - TAK (1.014) Dividends payable (1601 1500) (3.770 720 Net current assets 285 513 Non-current liabilities 3.500) 12.000) Net Assets 13285 4.738 2.232 Share capital and Reserves Ordinary shares (1 Nominal Value) 6,200 3.000 Profit and Loss reserve 7,085 1.738 13285 Additional notes 1. As part of the consideration, Hush agreed to a 1-for-4 share exchange with the shareholders of Shoe, in order to acquire their shares. The market value of Hush's shares at the time were 4.60. Hush has not accounted for the issue in the above financial statements 2. At the date of acquisition, the non-controlling interest element had a fair value of 1,000,000 3. lush and the sets of Show at the date of acquisition and considered that a place of land had a fair value of 1.2m although Shoe recorded it at an historical cost figure of 1680,000 QUESTION Hush plc acquired 80% of the ordinary shares of Shoe Lid on 1 January 2012, which is the date of the following Draft financial statements: Statements of Financial Position as at 1 Hush Shoe January 2012: 000 000 000 000 Non-current Assets: Plant Property and Equipment 14,850 6,225 Investment in Show 1,650 16,500 Current Assets Inventory 2,232 670 Receivables 1.658 550 - Bank 165 13 4,056 1233 Current Liabilities: - Payables (2.256) (560) -TEX (1.014) (160) Dividends payable (500) 3.770) (720) Net current assets 285 513 Non-current abilities (3,500) 12,000 Net Assets 13,285 4.738 Share capital and Reserves: Ordinary shares (1 Nominal Value) 6.200 3.000 Profit and Los reserve 7085 1,738 13.285 4.70 Additional notes: 1. As part of the consideration, Hush agreed to a 1-for-4 share exchange with the shareholders of Shoe, in order to acquire their shares. The market value of Hush's shares at the time were 64.60 Hush has not accounted for the issue in the above financial statements 2. At the date of squisition, the non-controlling interest element had a fair value of 1,000,000 3. Muth reviewed the assets of Show at the date of acquisition, and considered that a piece of land had a fair value of 1.2m although show recorded an historical cont figure of 600.000 The un Group Intangible Asset Pal Goodwilly as january 2012
