QUESTIONI D Group At the year start, on 1 January Mersey (M) bought 40% of Irwell (I). On July D acquired 75% of M and 25% of 1. Goodwill has not been impaired. It is the group's policy to value the non-controlling interest fair value. Fair Value of the NCI and Reserves were as follows: Reso Fair Value of NCI 1 Jan 1 July 49 62 72 83 M 1 90 13 The Statements of financial position at 31 December are as follows: D GHC'000 GHCHCO Investiment in M 200 Investment in I 70 Net assets 600 870 19 Share capital (Sl each) 100 20 9 Retained earnings 770 172 TO Library University of Professional Studies, Acc: P. O. Box LG 149, Accra 870 102 Required: Prepare Group statement of financial position for the D group, Show workings for (1) Net Assets List (2) Goodwill (3) Consolidated Reserves and (4) Non-Controlling Interest (NCI) QUESTIONI D Group At the year start, on 1 January Mersey (M) bought 40% of Irwell (I). On July D acquired 75% of M and 25% of 1. Goodwill has not been impaired. It is the group's policy to value the non-controlling interest fair value. Fair Value of the NCI and Reserves were as follows: Reso Fair Value of NCI 1 Jan 1 July 49 62 72 83 M 1 90 13 The Statements of financial position at 31 December are as follows: D GHC'000 GHCHCO Investiment in M 200 Investment in I 70 Net assets 600 870 19 Share capital (Sl each) 100 20 9 Retained earnings 770 172 TO Library University of Professional Studies, Acc: P. O. Box LG 149, Accra 870 102 Required: Prepare Group statement of financial position for the D group, Show workings for (1) Net Assets List (2) Goodwill (3) Consolidated Reserves and (4) Non-Controlling Interest (NCI)