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The following additional information is relevant: (i) During the year Sultanas sold goods to Prunes for $20,000, making a mark-up of one third. Only 20%

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The following additional information is relevant: (i) During the year Sultanas sold goods to Prunes for $20,000, making a mark-up of one third. Only 20% of these goods were sold before the end of the year, the rest were still in inventory. (ii) Goodwill has been subject to an impairment review at the end of each year since acquisition and the review at the end of the current year revealed a further impairment of $5,000. Impairment is to be recognised as an operating cost. (iii) At the date of acquisition a fair value adjustment was made and this has resulted in an additional depreciation charge for the current yeai of $15,000. It is group policy that all depreciation is charged to cost of sales. (iv) Prunes values the non-controlling interest using the fair value method. Requirements: 1-Compute the provision for unrealized profit. 2-Compute the consolidated profit for the year. 3-Prepare the consolidated income statement. 4-Compute the profit attributable to non controlling interest. 5-Compute the profit attributable to controlling interest. Set out below are the dratt statements of profit or loss of Prunes and its. subsidiary company Sultanas for the year ended 31 December 207. On 1 January 206 Prunes purchased 75,000 of Sultanas' total share capial of 100,000$1 ordinary shares. Statements of profit or loss for the year ended 31 December 207 The following additional information is relevant: (t) During the year Sultanas sold goods to Prunes for $20,000. making a mark-up of one third. Only 20% of these goods were sold beiore the end of the year, the rest were still in inventory. (ii) Goodwill has been subject to an impairment review at the end of each year since acquisition and the review at the end of the current year revealed a further impairment of $5,000. Impaiment is to be recognised as an operating cost. (iii) At the date of acquisition a fair value adjustment was made and this has resulted in an additional depreciation charge for the current year of $15,000. It is group policy that all depreciation is charged to cost of sales. (iv) Prunes values the non-controlling interest using the fair value method. Requirements: 1-Compute the provision for unrealized profit. 2-Compute the consolidated profit for the year. 3-Prepare the consolidated income statement. 4-Compute the profit attributable to non controlling interest. 5-Compute the profit attributable to controlling interest

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