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The balance sheets of Teza Ltd and Jane Ltd as at 31 March 209 are as follows: 3 Session 10 & 11: Consolidated Statement of
The balance sheets of Teza Ltd and Jane Ltd as at 31 March 209 are as follows: 3 Session 10 \& 11: Consolidated Statement of Financial Position Notes: (i) Teza Ltd bought 80,000 1 shares in Jane Ltd on 1 April 20X8 when Jane Ltd's reserves included general reserves of 20,000 and retained earnings of 5,000. (ii) During the year, Teza Ltd sells to Jane Ltd goods worth 10,000. These goods cost 8,000. On 31 March 209, one half of the goods were still remaining in the inventory of Jane Ltd. (iii) After an impairment review on 31 March 20X9, it was found that a 25% impairment charge to the goodwill arising on consolidation is required. (iv) The fair value of the property, plant and equipment of Jane Ltd was 50,000 above the book values on 1 April 20X8. (v) Any depreciation consequences of the fair value adjustment relating to the property plant and equipment of Jane Ltd may be ignored. Required: Prepare a Consolidated Statement of Financial Position as at 31 March 20X9
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