When answering this question can you show the consolidated Statement of financial

position in 4 columns. 1)Fish ltd 2)Chips ltd 3)adjustemnt column 4)consolidated column(this being the sum of the the companies and and accounting for any adjusments made)

also can you show the 3 accounts asked for in the question (Cost of control, non controling interest, consolidated reserves) in T-account format.

sorry to be awkward its just the format that has to be used for our exam.

thank you.

Answer ONE from two questions Question 3 The Statements of Financial Position for Fish Ltd and Chips Lad as at 31 December 2019 are presented below: Assets Fish Ltd Chips Ltd 000 Non-current assets 877,500 Property, plant and equipment 362,500 Investment in Chips Ltd 1.240,000 500,750 000 500,750 Current assets Inventories Trade and Other receivables Current Account - Fish Ltd Cash and cash equivalents 236,250 277,000 24,750 538,000 1,778,000 150,500 216,000 9,000 60,750 436,250 937.000 Total assets Equity and Liabilities Equity Ordinary share capital el Retained earnings Total equity Current Liabilities Trade and other payables Current Account - Chips Ltd Taxation 337,500 1,297,250 1.634,750 168,750 612,000 780,750 145,000 123,750 8,000 11,500 143,250 1,778,000 11,250 156,250 937,000 Total equity and liabilities Additional Information: (a) Fish Ltd acquired 101,250,000 of the 1 ordinary shares of Chips Ltd on 15 January 2019 for 362,500,000. Fish Ltd measure Non-Controlling Interests (NCT) using the Full-Goodwill method and have calculated the fair value attributable to NCI at the date of acquisition was 280,000,000. (b) Chips Ltd recorded a profit for the year ended 31 December 2019 of 142,000,000. (c) Goods dispatched by Chips Ltd on 29th December of 1,000,000, were not received by Fish Ltd until 3- January 2020. Chips Ltd operate at a mark-up of 25% of cost for all sales. Chips Ltd have approved an ordinary dividend of 80,000 which has not been reflected in the separate financial statements of either company above. Requirement: (1) Prepare the Consolidated Statement of Financial Position of the Fish Group as at 31 December 2019, show the following accounts: Cost of Control; Non-Controlling Interests; 45 marks . Consolidated Reserves