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The CC buy the internet of two for 50 000 Statement of financial position as at 31 December 2020 2019 2020 N$ N$ ASSETS 220

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The CC buy the internet of two for 50 000

Statement of financial position as at 31 December 2020 2019 2020 N$ N$ ASSETS 220 000 220 000 Non-current assets 123 000 77 000 Current assets 352 000 297 000 CAPITAL AND LIABILITIES 180 000 180 000 Members' contributions: 70 000 70 000 B40(50%) 50 000 50 000 R40(355) 60 000 60 000 90 000 65 000 Teo(15%) Retained earnings Non-current liabilities Current liabilities 45 000 45 000 37 000 7 000 352 000 297 000 REQUIRED: 1. Calculate the new membership interests and show the statement of changes in net membership investment and membership interest in each of the following instances separately

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