Week 5 Tutorial Ch28 Template

Week 5 Tutorial Ch28 Template - Fair value adjustment $ 30...

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TUTORIAL SOLUTION – WEEK 5 P ART 8: A CCOUNTING FOR E QUITY I NTERESTS IN OTHER E NTITIES Chapter 28 Accounting for group structures 28.2 28.4 28.5 28.16
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28.20 Elimination and Adjustments Consolidated statement Biggin Ltd Smallin Ltd Dr Cr $000 $000 $000 $000 $000 Statement of comprehensive income together with reconciliation of opening and closing retained earnings Profit before tax Tax Profit after tax Retained earnings at 30 June 2011 Statement of financial position Shareholders’ equity Retained earnings at 30 June 2012 Share capital Revaluation surplus Current liabilities Accounts payable Non-current liabilities Loans Current assets Cash Accounts receivable Non-current assets Land Plant Investment in Smallin Ltd Goodwill Consolidation adjustments
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28.25 (a) (c) (f)
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28.27 Consolidation worksheet journal entries
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Unformatted text preview: Fair value adjustment $ 30 June 2011 a. b. Elimination of investment 30 June 2011 c. Consolidation worksheet for Stubbs Ltd and its controlled entity for the period ending 30 June 2011 Eliminations and adjustments Anglesea Ltd ($000) Lorne Ltd ($000) Dr ($000) Cr ($000) Consolidated statement ($000) Statement of financial positions Shareholders equity Retained earnings Share capital Revaluation surplus Current liabilities Accounts payable Non-current liabilities Deferred tax liability Loans Current assets Cash Accounts receivable Inventory Non-current assets Land Plant Accumulated depreciation Goodwill Investment in Lorne Ltd...
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Week 5 Tutorial Ch28 Template - Fair value adjustment $ 30...

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