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QUESTION Reverse acquired 100% of the common shares in mateple on January 2021 and gained control the date the statements of financial position of the

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QUESTION Reverse acquired 100% of the common shares in mateple on January 2021 and gained control the date the statements of financial position of the two companies were som Reverse Climate Assets 120.000 Non-current Assets Investment in Climate 200.000 254 000 Net Current Assets Net Assets 400.00 504.000 30.000 200.000 Equity Ordinary Et shares Retained Eamings 400.000 10400 504.000 120.000 10.000 200.000 Note: The fair values are the same as the book values Required Prepare a consolidated statement of financial position for Reverse pic as a 31 January 2001 will 3

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