Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tavk 02 earnings of Tattoo at this dale war AFD 75 trallion. The fair value of the soe-cectuillas inferest at the acquisition date was AED15

image text in transcribed
image text in transcribed
Tavk 02 earnings of Tattoo at this dale war AFD 75 trallion. The fair value of the soe-cectuillas inferest at the acquisition date was AED15 million. The finanrial atatemeats af Rali Grosp and Twitoo for the year ended 31 st December 2021 ane presented helow:- Pages of 9 Stalement of prefit and loss acceant for the year chdind 3 twt December SO21 Stalcmernt of financial nositien as at 31st Becomber 2021 There has bees no intra proup tafiay. Govdwill arising ce the acquicitice of Tanse an ax inpaired. The pesintation catrency of the consolidated financial itatement is the dellat. Exchange rates are as followe: - (b) For inclusion in the consolidated statement of profit and loss account and other comprehensive income for the year ended 31st December 2021 calculate Revenue and cost and for inclusion in the consolidated statement of financial position as at 31 st December 2021, calculate; property plant equipment, investments current assets, Share capital and liabilities. Explain and justify the basis of your calculation with reference to the current and temporal methods for translating the books of foreign subsidiary

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Unclaimed Property A Reporting Process And Audit Survival Guide

Authors: Tracey L. Reid

1st Edition

0470278242, 978-0470278246

More Books

Students also viewed these Accounting questions

Question

31. Determine z for the following: a. .0055 b. .09 c. .663

Answered: 1 week ago