QUESTION 1 Below are the statements of financial position of three companies as at 31 December 2017 Bauble Jewel Gem Co GHS GHS GHS Non-current assets Property, plant and equipment 720 6075 Investments in group companies 185 100 Current assets 175 90 95 1.00 Equity Share capital - GHCI ordinary shares Retained earnings 960 190115 Current liabilities You are also given the following information: i. Bauble Co acquired 65% of the share capital of Jewel Co on 1 January 2010 and 15% of Gem on 14 January 2011. The cost of the combinations were GHC 100.000 and GHC 45.000 respectively. Jewel Co acquired of the share capital of Gem Co on 19 January 2011 it. The retained camnings balances of Jewel Co and Gem Co were: 1"January 2010 1 January 2011 GHCO GHC Jewel 55 Gem Co 35 it. The fair values of Jewel's Property, Plant and Equipment were equal to their book values with the exception of its plant, which had a fair value of GHS 12,000 in excess of its book value at the date of acquisition. The remaining life of all of Jewel's plant at the date of its acquisition was four years and this period has not changed as a result of the acquisition. Depreciation of plant is a straight-line basis and charged to cost of sales. Jewel has not adjusted the value of its plantas a result of the fair value exercise ix. Revenues and profits should be deemed to a cvely throughout the year Following an impairment review, there was no impairment les ce any of the comedidated goodwill Gem sells goods to Bauble at cose plus 30% Bauble had GHS 12,000 of goods in its inventory included in the current assets at 31 December 2017 which had been supplied by Gem Page 2 of 7 vii In addition, on 28 December 2017. Gem processed the sale of GHS1.500 of goods to Bouble, which Bauble did not account for until their receipt on 20 January 2018. The intreconciliation should be achieved by assuming the transaction had been recorded in the books of Bauble before the year end At 31 December 2017, Gem had a trade receivable balance in the current sets of GHS2,000 due from Bauble which differed to the equivalent balance in Bauble's books due to the sale made on 28 December 2017 Vill. It is the group's policy to value the non-controlling interest tequisition is proportionate share of the fair value of the subsidiary's identifiable net assets. Required Prepare the consolidated statement of financial position for Bauble Co and its subsidiaries as at 314 December 2017. 20 Marks) Bauble Jewel Gem Co C. Co GHS 000 GHS000 GHS 000 Non-current assets Property, plant and equipment Investments in group companies 75 100 720 185 905 175 1,080 160 90 Current assets 75 85 160 Equity Share capital - GHCI ordinary shares Retained earnings 400 560 100 SO 90 70 190115 960 Current liabilities 120 1.080 160 You are also given the following information: i. Bauble Co acquired 65% of the share capital of Jewel Co on 1 January 2010 and 15% of Gen January 2011. The cost of the combinations were GHC 140,000 and GHC 45,000 respectively Co acquired 80% of the share capital of Gem Co on 1 January 2011 ii. The retained earnings balances of Jewel Co and Gem Co were: 1" January 2010 14 January 2011 GHC000 GHC000 Jewel Co 40 55 Gem Co 35 45 The fair values of Jewel's Property, Plant and Equipment were equal to their book values with th exception of its plant, which had a fair value of GHS 12,000 in excess of its book value at the da acquisition. The remaining life of all of Jewel's plant at the date of its acquisition was four years this period has not changed as a result of the acquisition. Depreciation of plant is on a straight-li basis and charged to cost of sales. Jewel has not adjusted the value of its plantas a result of the value exercise. iv. Revenues and profits should be deemed to accrue evenly throughout the year. v. Following an impairment review, there was no impairment loss on any of the consolidated good at 31 December 2017. Gem sells goods to Bauble at cost plus 30%. Bauble had GHS 12,000 of goods in its inventory in in the current assets at 31 December 2017 which had been supplied by Gem Page 2 of 7 vii. In addition, on 28 December 2017. Gem processed the sale of GHS1,500 of goods to Bauble Bauble did not account for until their receipt on 22 January 2018. The in-transit reconciliation be achieved by assuming the transaction had been recorded in the books of Bauble before they At 31 December 2017, Gem had a trade receivable balance in the current assets of GHS2,000 du Bauble which differed to the equivalent balance in Bauble's books due to the sale made on 28 De 2017. viii It is the group's policy to value the non-controlling interest at acquisition at its proportionates Q2. Coronavirus pandemic has become alarming in the world. As a researcher using the qualitative methodology, outline the process and approach to collect data from coronavirus patients. Q3. There is miscommunication in Design and Publicity Company Limited. This has resulted in petty conflicts among departments in the company. As a PR officer of (DPCL) using the quantitative methodology, outline and explain the process of conducting a communication audit to solve the petty conflict. QUESTION 1 Below are the statements of financial position of three companies as at 31 December 2017 Bauble Jewel Gem Co GHS GHS GHS Non-current assets Property, plant and equipment 720 6075 Investments in group companies 185 100 Current assets 175 90 95 1.00 Equity Share capital - GHCI ordinary shares Retained earnings 960 190115 Current liabilities You are also given the following information: i. Bauble Co acquired 65% of the share capital of Jewel Co on 1 January 2010 and 15% of Gem on 14 January 2011. The cost of the combinations were GHC 100.000 and GHC 45.000 respectively. Jewel Co acquired of the share capital of Gem Co on 19 January 2011 it. The retained camnings balances of Jewel Co and Gem Co were: 1"January 2010 1 January 2011 GHCO GHC Jewel 55 Gem Co 35 it. The fair values of Jewel's Property, Plant and Equipment were equal to their book values with the exception of its plant, which had a fair value of GHS 12,000 in excess of its book value at the date of acquisition. The remaining life of all of Jewel's plant at the date of its acquisition was four years and this period has not changed as a result of the acquisition. Depreciation of plant is a straight-line basis and charged to cost of sales. Jewel has not adjusted the value of its plantas a result of the fair value exercise ix. Revenues and profits should be deemed to a cvely throughout the year Following an impairment review, there was no impairment les ce any of the comedidated goodwill Gem sells goods to Bauble at cose plus 30% Bauble had GHS 12,000 of goods in its inventory included in the current assets at 31 December 2017 which had been supplied by Gem Page 2 of 7 vii In addition, on 28 December 2017. Gem processed the sale of GHS1.500 of goods to Bouble, which Bauble did not account for until their receipt on 20 January 2018. The intreconciliation should be achieved by assuming the transaction had been recorded in the books of Bauble before the year end At 31 December 2017, Gem had a trade receivable balance in the current sets of GHS2,000 due from Bauble which differed to the equivalent balance in Bauble's books due to the sale made on 28 December 2017 Vill. It is the group's policy to value the non-controlling interest tequisition is proportionate share of the fair value of the subsidiary's identifiable net assets. Required Prepare the consolidated statement of financial position for Bauble Co and its subsidiaries as at 314 December 2017. 20 Marks) Bauble Jewel Gem Co C. Co GHS 000 GHS000 GHS 000 Non-current assets Property, plant and equipment Investments in group companies 75 100 720 185 905 175 1,080 160 90 Current assets 75 85 160 Equity Share capital - GHCI ordinary shares Retained earnings 400 560 100 SO 90 70 190115 960 Current liabilities 120 1.080 160 You are also given the following information: i. Bauble Co acquired 65% of the share capital of Jewel Co on 1 January 2010 and 15% of Gen January 2011. The cost of the combinations were GHC 140,000 and GHC 45,000 respectively Co acquired 80% of the share capital of Gem Co on 1 January 2011 ii. The retained earnings balances of Jewel Co and Gem Co were: 1" January 2010 14 January 2011 GHC000 GHC000 Jewel Co 40 55 Gem Co 35 45 The fair values of Jewel's Property, Plant and Equipment were equal to their book values with th exception of its plant, which had a fair value of GHS 12,000 in excess of its book value at the da acquisition. The remaining life of all of Jewel's plant at the date of its acquisition was four years this period has not changed as a result of the acquisition. Depreciation of plant is on a straight-li basis and charged to cost of sales. Jewel has not adjusted the value of its plantas a result of the value exercise. iv. Revenues and profits should be deemed to accrue evenly throughout the year. v. Following an impairment review, there was no impairment loss on any of the consolidated good at 31 December 2017. Gem sells goods to Bauble at cost plus 30%. Bauble had GHS 12,000 of goods in its inventory in in the current assets at 31 December 2017 which had been supplied by Gem Page 2 of 7 vii. In addition, on 28 December 2017. Gem processed the sale of GHS1,500 of goods to Bauble Bauble did not account for until their receipt on 22 January 2018. The in-transit reconciliation be achieved by assuming the transaction had been recorded in the books of Bauble before they At 31 December 2017, Gem had a trade receivable balance in the current assets of GHS2,000 du Bauble which differed to the equivalent balance in Bauble's books due to the sale made on 28 De 2017. viii It is the group's policy to value the non-controlling interest at acquisition at its proportionates Q2. Coronavirus pandemic has become alarming in the world. As a researcher using the qualitative methodology, outline the process and approach to collect data from coronavirus patients. Q3. There is miscommunication in Design and Publicity Company Limited. This has resulted in petty conflicts among departments in the company. As a PR officer of (DPCL) using the quantitative methodology, outline and explain the process of conducting a communication audit to solve the petty conflict