ACCA paper question section 1 introduction the group statement of financial position
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Section 1 Introducing the group statement of financial position
Question 1 Lion
The statements of financial position of two companies are as follows.
Parent
$m
Subsidiary
$m
500
300
400
Current assets
150
950
100
500
Ordinary shares ($1)
Retained earnings
Equity
650
160
810
100
200
300
Liabilities
140
950
200
500
Non-current assets
Tangible
Investment in subsidiary
Additional information
The parent acquired 75m shares in the subsidiary one year ago when the retained earnings of the
subsidiary were $60m and the NCI was $100m.
Required
Prepare the consolidated statement of financial position.
A student's guide to Group Accounts by Tom Clendon, Second Edition, published by
Kaplan Publishing
www.kaplanpublishing.co.uk
Section 1 Introducing the group statement of financial position
Question 2 Tiger
The statements of financial position of two companies are as follows.
Parent
$m
Subsidiary
$m
1,500
900
600
Current assets
100
2,500
100
700
Ordinary shares ($1)
Retained earnings
Equity
1,000
400
1,400
200
300
500
Liabilities
1,100
2,500
200
700
Non-current assets
Tangible
Investment in subsidiary
Additional information
The parent acquired 120m shares in the subsidiary one year ago when the retained earnings of the
subsidiary were $100m and the NCI was $50m.
Required
Prepare the consolidated statement of financial position.
A student's guide to Group Accounts by Tom Clendon, Second Edition, published by
Kaplan Publishing
