Zoe Ltd. has the following SFP at December 31, 20X5:
Zoe Ltd.
Statement of Financial Position
December 31, 20X5

On December 31, 20X5, Halifax Ltd. bought 70% of the outstanding shares of Zoe Ltd. and paid $ 190,000. The current fair values of the net assets of Zoe Ltd. on December 31, 20X5, are:

Halifax Ltd. is an investment company that has assets composed only of cash and short- term marketable investments.

Required
Calculate the following items, as they would appear on the Halifax Ltd. consolidated SFP at December 31, 20X5, under the entity method and the parent- company extension method respectively:
a) Land
b) Goodwill
c)NCI

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80,000 Current assets Capital assets: Building, net Equipment, net Goodwil 30,000 100,000 50,000 180,000 20,000 $280,000 Current liabilities Bonds payable Common shares Retained eamings, January 1, 20X5 Net loss for 20X5 80,000 100,000 60,000 (15,000) $280,000 80,000 180,000 160,000 20,000 $55,000 70,000 Current assets Land Building Equipment Current liabilities Bonds payable