CA tute week 10.docx - At 1 July 2018 Net FVINA...

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At 1 July 2018 Net FVINA = ($100,000 + $60,000 = $40,000) (equity) + $40,000(0.7) + $50,000(0.7) + $31,000(0.7) = $284,700 Consideration = $250,000 (A) Transfer DATE PARTICULARS Dr Cr NCI = $25% of 284,700 = $71,175 (B) Aggregate of (A) And (B) = $321,175 Goodwill = $321,175 – 284,700 = $36,475 Goodwill = what you paid – What you got = 250,000 – 213,525 =36475 Parent + Sub = Group NCI = external entity Extra expense, income will affect NCI
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R/E (C/B) = Opening balance + profit
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  • One '17
  • NCI, Generally Accepted Accounting Principles

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