Draft Statements of financial position are stated on the left. Alpha acquired 160 shares in Beta for £400 on 1 January 2008 when Beta’s retained earnings were £40, the fair valuation of its non-current assets £80 more than the book value and Beta’s shares were quoted at 225p each. Based on fair value Beta should have written off additional depreciation of £4 per year.

Required:

(a) Identify Beta’s goodwill as at 1 January 2008.

(b) At what amount will noncontrolling interest be reported on the Consolidated Statement of financial position as at 31 December 2012?

(c) What is the amount of consolidated retained earnings reported in the Consolidated Statement of financial position as at 31 December 2012?

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x £210,000 X £180,000 £170,000 y z