What kind of details do you want? It is now the end of the year 2019. You

   What kind of details do you want?

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It is now the end of the year 2019. You extract data from Hanover's ERP system and pool together information from which you prepare the draft Statement of Financial Position of Hanover Corporation SAOG and Sandrigo Corporation SAOG. You contact and also receive the draft financials of Sandrigo Corporation SAOG from their Accountant. You gather that Hanover Corp acquired 44,000 share of Sandrigo Corporation on 1st January 2016 for Omani Rials 200,000. The retained earnings of Sandrigo Corporation on that date were Omani Rials 8,000 and market price per share of Sandrigo Corporation was Omani Rials 4.5 per share. During the year Sandrigo Corporation sold goods to Hanover for 50,000 at a mark- up of 30%. 50% of the goods sold by Sandrigo Corporation are still unsold by Hanover at the end of year. Hanover owed Omani Rials 10,000 for goods bought and this debt is included in the Accounts payables of Hanover and Account receivable of Sandrigo Corp. At the acquisition date the value of Sandrigo Corp Land and Buildings was Omani Rials 18,000 greater than their net book value. The statements of financial positions of Hanover and Sandrigo Corporation on 31st December 2019 are as below. It is now the end of the year 2019. You extract data from Hanover's ERP system and pool together information from which you prepare the draft Statement of Financial Position of Hanover Corporation SAOG and Sandrigo Corporation SAOG. You contact and also receive the draft financials of Sandrigo Corporation SAOG from their Accountant. You gather that Hanover Corp acquired 44,000 share of Sandrigo Corporation on 1st January 2016 for Omani Rials 200,000. The retained earnings of Sandrigo Corporation on that date were Omani Rials 8,000 and market price per share of Sandrigo Corporation was Omani Rials 4.5 per share. During the year Sandrigo Corporation sold goods to Hanover for 50,000 at a mark- up of 30%. 50% of the goods sold by Sandrigo Corporation are still unsold by Hanover at the end of year. Hanover owed Omani Rials 10,000 for goods bought and this debt is included in the Accounts payables of Hanover and Account receivable of Sandrigo Corp. At the acquisition date the value of Sandrigo Corp Land and Buildings was Omani Rials 18,000 greater than their net book value. The statements of financial positions of Hanover and Sandrigo Corporation on 31st December 2019 are as below.

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