Question: hello more information added could you please give me explanations? (b) Calculate the net assets of Santolina Ltd at the date of acquisition (01 February


hello more information added could you please give me explanations?

![10 Marks] Goodwill has been impaired by $ 50,000 at the reporting](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/10/66fd398909975_36966fd398904ac5.jpg)
(b) Calculate the net assets of Santolina Ltd at the date of acquisition (01 February 2021) and at the reporting date (31 January 2022). [ 10 Marks] Goodwill has been impaired by $ 50,000 at the reporting date (31 January 2022). (c) Calculate the goodwill using the proportion method at the date of acquisition 2021). (01 February [ 5 marks] (d) Calculate the non-controlling interest (NCI) as at 31 January 2022. [2 marks] Pine Ltd has recently appointed an accountant, Mrs. Saponaria, following the resignation of the previous group accountant. When Mrs. Saponaria was preparing the group accounts for the year ended 31 January 2022, he found that only the cash consideration of $ 350,000 has been accounted. The par value of each ordinary share for Pine Ltd is $ 1. (e) Calculate the group retained earnings as at 31 January 2022. [3 marks] (f) Prepare an extract of equity (Ordinary shares, Share premium, Retained earnings and NCI) and liabilities section of the consolidated statement of financial position as at 31 January 2022 showing clearly how the deferred payment and shares exchange should be accounted. [10 Marks] (b) Calculate the net assets of Santolina Ltd at the date of acquisition (01 February 2021) and at the reporting date (31 January 2022). [ 10 Marks] Goodwill has been impaired by $ 50,000 at the reporting date (31 January 2022). (c) Calculate the goodwill using the proportion method at the date of acquisition 2021). (01 February [ 5 marks] (d) Calculate the non-controlling interest (NCI) as at 31 January 2022. [2 marks] Pine Ltd has recently appointed an accountant, Mrs. Saponaria, following the resignation of the previous group accountant. When Mrs. Saponaria was preparing the group accounts for the year ended 31 January 2022, he found that only the cash consideration of $ 350,000 has been accounted. The par value of each ordinary share for Pine Ltd is $ 1. (e) Calculate the group retained earnings as at 31 January 2022. [3 marks] (f) Prepare an extract of equity (Ordinary shares, Share premium, Retained earnings and NCI) and liabilities section of the consolidated statement of financial position as at 31 January 2022 showing clearly how the deferred payment and shares exchange should be accounted. [10 Marks] (b) Calculate the net assets of Santolina Ltd at the date of acquisition (01 February 2021) and at the reporting date (31 January 2022). [10 Marks] Goodwill has been impaired by $ 50,000 at the reporting date (31 January 2022). (01 February (c) Calculate the goodwill using the proportion method at the date of acquisition 2021). [ 5 marks] (d) Calculate the non-controlling interest (NCI) as at 31 January 2022. [2 marks] Pine Ltd has recently appointed an accountant, Mrs. Saponaria, following the resignation of the previous group accountant. When Mrs. Saponaria was preparing the group accounts for the year ended 31 January 2022, he found that only the cash consideration of $ 350,000 has been accounted. The par value of each ordinary share for Pine Ltd is $ 1. (e) Calculate the group retained earnings as at 31 January 2022. [3 marks] (f) Prepare an extract of equity (Ordinary shares, Share premium, Retained earnings and NCI) and liabilities section of the consolidated statement of financial position as at 31 January 2022 showing clearly how the deferred payment and shares exchange should be accounted. [ 10 Marks] 4 of 4
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