1. Pre acquition and post acquisition proft

2. Equity representing FV of net asset

3. Gain on bargain

4. NCI at reporting date

the glowing are the extrac! H s H 30,000 15,000 25,000 35,000 10,000 Liabilities Share Capital @ 10 each General Reserve P/L A/C (1.4.15) 12% Debenture S. creditors Profit for the year 20,000 10,000 5,000 20,000 10,000 10,000 S Assets 10.000 Fixed Assets (Tangible) 5,000 Current Assets 4,000 Shares in S Ltd. (8008) 10,000 5,000 6,000 40,000 75,000 40,000 75,000 H Limited acquired shares in S Limited on 01-10-2015. S limited has a balance of 4,000 in General Reserve on 01- 04-2015. On the account fire goods costing 2,000 of S Limited were destroyed in June, 2015. The loss has been charged to the Profit and Loss Account for the year