The following scenario relates to question 11a to 11j You are provided with the following statements of financial position (balance sheets) for Livlei Plc (Livlei) and Mauars Ltd (Mauars): STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2020 Livlei Mauars $'000 $'000 $'000 $'000 Non-current assets, at net book value Plant 3250 700 Fixtures 2000 500 5250 1200 Investment Shares in Mauars at cost 2000 Current assets Inventory at cost Receivables 2200 700 1450 1050 Bank 1000 4650 0 1750 11900 2950 Equity $1 Ordinary shares 7000 1700 |Retained earnings 2150 500 9150 2200 Current liabilities 2750 550 Payables Bank overdraft 0 2750 200 750 11900 2950 The following information is also available: a) Livlei purchased 70% of the issued ordinary share capital of Mauars four years ago, when the retained earnings of Mauars were $200 000. There has been no impairment of goodwill. b) For the purposes of the acquisition, plant in Mauars with a book value of $500 000 was revalued to its fair value of $600 000. The revaluation was not recorded in the accounts of Mauars. Depreciation is charged at 20% using the straight-line method. c) Livlei sells goods to Mauars at a mark-up of 25%. At 31 March 2020, the inventories of Mauars included $450 000 of goods purchased from Livlei. d) Mauars owes Livlei $350 000 for goods purchased and Livlei owes Mauars $150 000. e) It is the group's policy to value the non-controlling interest at fair value. The market price of the shares of the non-controlling shareholders just before the acquisition was $2.00. What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to goodwill? in all situation ignore currency and commas Question 11 Not yet answered Marked out of 2.00 Answer: P Flag question Question 12 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to non controlling interest (nci)? Not yet answered Marked out of 2.00 Answer: P Flag question Question 13 Not yet answered What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to group retained earnings? Marked out of 2.00 Answer: P Flag question Question 14 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to Non current asseta / tangible assets? Not yet answered Marked out of 2.00 Answer: P Flag question Question 15 Not yet answered What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to inventories? Marked out of 2.00 Answer: P Flag question Question 16 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to receivables? Not yet answered Marked out of 1.50 Answer: Flag question Question 17 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to accounts payables? Not yet answered Marked out of 1.50 Answer: P Flag question Question 18 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to share capital? Not yet answered Marked out of 1.00 Answer: P Flag question Question 19 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to bank balances? Not yet answered Marked out of 1.00 Answer: P Flag question The following scenario relates to question 11a to 11j You are provided with the following statements of financial position (balance sheets) for Livlei Plc (Livlei) and Mauars Ltd (Mauars): STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2020 Livlei Mauars $'000 $'000 $'000 $'000 Non-current assets, at net book value Plant 3250 700 Fixtures 2000 500 5250 1200 Investment Shares in Mauars at cost 2000 Current assets Inventory at cost Receivables 2200 700 1450 1050 Bank 1000 4650 0 1750 11900 2950 Equity $1 Ordinary shares 7000 1700 |Retained earnings 2150 500 9150 2200 Current liabilities 2750 550 Payables Bank overdraft 0 2750 200 750 11900 2950 The following information is also available: a) Livlei purchased 70% of the issued ordinary share capital of Mauars four years ago, when the retained earnings of Mauars were $200 000. There has been no impairment of goodwill. b) For the purposes of the acquisition, plant in Mauars with a book value of $500 000 was revalued to its fair value of $600 000. The revaluation was not recorded in the accounts of Mauars. Depreciation is charged at 20% using the straight-line method. c) Livlei sells goods to Mauars at a mark-up of 25%. At 31 March 2020, the inventories of Mauars included $450 000 of goods purchased from Livlei. d) Mauars owes Livlei $350 000 for goods purchased and Livlei owes Mauars $150 000. e) It is the group's policy to value the non-controlling interest at fair value. The market price of the shares of the non-controlling shareholders just before the acquisition was $2.00. What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to goodwill? in all situation ignore currency and commas Question 11 Not yet answered Marked out of 2.00 Answer: P Flag question Question 12 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to non controlling interest (nci)? Not yet answered Marked out of 2.00 Answer: P Flag question Question 13 Not yet answered What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to group retained earnings? Marked out of 2.00 Answer: P Flag question Question 14 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to Non current asseta / tangible assets? Not yet answered Marked out of 2.00 Answer: P Flag question Question 15 Not yet answered What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to inventories? Marked out of 2.00 Answer: P Flag question Question 16 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to receivables? Not yet answered Marked out of 1.50 Answer: Flag question Question 17 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to accounts payables? Not yet answered Marked out of 1.50 Answer: P Flag question Question 18 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to share capital? Not yet answered Marked out of 1.00 Answer: P Flag question Question 19 What is the amount to be shown in the consolidated statement of Livlei and subsidiary as at 31 March 2020 in regards to bank balances? Not yet answered Marked out of 1.00 Answer: P Flag