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