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8 Cards in this Set
- Front
- Back
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PURP Dr: & Cr: ? |
Dr: Retained earnings of seller. Cr: group inventory in SFP |
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Goodwill W3 |
Consideration transferred Plus: NCI net asset @ acqn Less: Net asset @ acqn Less: goodwill impairment |
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What is included in NCI W4 when fair value method is used for goodwill? |
NCI Goodwill impairment share |
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Associate value W5 |
Cost of assoc Share of post acqn profit Less: impairment to date |
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W8 & W8a ? |
Cash in Transit (receiver of cash) Goods in Transit (receiver of goods) Edit accounts with assumption |
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Group retained earnings W6 |
Parent Retained earnings @ Yr end Share of sub post acqn profit Share of assoc post acqn profit Less: parent seller PURP Less: Impairment of Assoc Less: goodwill impairment |
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Mark up calc |
Inventory sales price/ (100 + markup) × markup |
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Consolidated Non current assets |
Goodwill PPE Investment in assoc |
