The following are the statements of financial position of Brave Lid and its subsidiary Warrior Ltd as at 31" August 2019, Brave Warrior NS NS Non-current assets 657,500 555,000 Additional information Investment in Warrior limited 301.000 11) Brave acquired its interest in Warriors Ishown below Total Non-current assets 958.500 555.000 Date - No. of shares Cost of Warrior acquired Investment Retained Current assets NS Earning Inventory 22,000 25,0001/09/2009 - 40, 000 92,000 40,000 Shares Debtors 26,500 20,000! 01/09/2011 - 40,000 104000 Bank balance 38.000 60.000 shares Total current assets 86.500 45.009 01/09/2013 - 40,000 120.000 Total assets 1045.000 602.000 shares 01/09/2015 - 40,000 135,000 100,000 shares Equity and abilities Ordinary shares N52 each 500.000 On 01/09/2017 It disposed off sold 40,000 400,000! shares and received $150.000. On that date the Retained profit 2972004 150.00 retained earning of Worrior were $120,000 Total equity 797.000 550.000 The farvade of the existing holdings in Warrior was as follows Currentities Date Fate of Existing oldings NS Frade creators 248.000 25000 31/08/2011 00.000 Bank overdran 25.000 31/08/2013 215,000 Total current liabile 248000 52094 301/08/2015 350.000 Total equity and abilities 05002 60300 31/08/2017 20.000 soooh O search x3 PT/08/2017 5207000 40 Warrior Ltd has not issued new shares since they were incorporated in the year 2000 5) a group policy to value the Non-Controlling Interest (NCI) using the proportion of net asset method 4) No goodwill impairement has taken place since inception Calculate the amount for goodwill on the acquistion of worrior? Answer: 32 Calculate the amount of the initial NCI determined on the date of acquisition? Answer 33 Determine the amount to be included in the Consolated SF as at 31/08/2019 in regard to the NC Determine the amount to be included in the consonated as a regard to the NC doo Answer: . O 34 Determine the amount to be included in the Consolidated SFP as at 31/08/2019 in regard to the group Retained Earnings? Not yet Marked out of Answer: 2.50 Paguion Quem 35 What is the amount to be shown as total Assets in the consolidated SFP as at 31/08/20197 Naty anored Answers Maced out of 100 ago Previous page Finish attempt Discussion Forum Module 4. Interim Step acquisition Ampo The following are the statements of financial position of Brave Lid and its subsidiary Warrior Ltd as at 31" August 2019, Brave Warrior NS NS Non-current assets 657,500 555,000 Additional information Investment in Warrior limited 301.000 11) Brave acquired its interest in Warriors Ishown below Total Non-current assets 958.500 555.000 Date - No. of shares Cost of Warrior acquired Investment Retained Current assets NS Earning Inventory 22,000 25,0001/09/2009 - 40, 000 92,000 40,000 Shares Debtors 26,500 20,000! 01/09/2011 - 40,000 104000 Bank balance 38.000 60.000 shares Total current assets 86.500 45.009 01/09/2013 - 40,000 120.000 Total assets 1045.000 602.000 shares 01/09/2015 - 40,000 135,000 100,000 shares Equity and abilities Ordinary shares N52 each 500.000 On 01/09/2017 It disposed off sold 40,000 400,000! shares and received $150.000. On that date the Retained profit 2972004 150.00 retained earning of Worrior were $120,000 Total equity 797.000 550.000 The farvade of the existing holdings in Warrior was as follows Currentities Date Fate of Existing oldings NS Frade creators 248.000 25000 31/08/2011 00.000 Bank overdran 25.000 31/08/2013 215,000 Total current liabile 248000 52094 301/08/2015 350.000 Total equity and abilities 05002 60300 31/08/2017 20.000 soooh O search x3 PT/08/2017 5207000 40 Warrior Ltd has not issued new shares since they were incorporated in the year 2000 5) a group policy to value the Non-Controlling Interest (NCI) using the proportion of net asset method 4) No goodwill impairement has taken place since inception Calculate the amount for goodwill on the acquistion of worrior? Answer: 32 Calculate the amount of the initial NCI determined on the date of acquisition? Answer 33 Determine the amount to be included in the Consolated SF as at 31/08/2019 in regard to the NC Determine the amount to be included in the consonated as a regard to the NC doo Answer: . O 34 Determine the amount to be included in the Consolidated SFP as at 31/08/2019 in regard to the group Retained Earnings? Not yet Marked out of Answer: 2.50 Paguion Quem 35 What is the amount to be shown as total Assets in the consolidated SFP as at 31/08/20197 Naty anored Answers Maced out of 100 ago Previous page Finish attempt Discussion Forum Module 4. Interim Step acquisition Ampo