Question: help fast Question Completion Status QUESTION 1 15 printasand Reverse acquired 100% of the common shares in Cimate plc on 1 January 2021 and gained
Question Completion Status QUESTION 1 15 printasand Reverse acquired 100% of the common shares in Cimate plc on 1 January 2021 and gained control. At that date the statements of francia polion of the two companies were as follows: Reverse Climate E Assets Non-current Assets 200,000 120,000 Investment in Climate 244000 Net Current Assets NetA 40.000 504.000 60.000 200.000 Equity Ordinary 1 shares Retained Eamings 400,000 104.000 504.000 120.000 80.000 200.000 Note: The fair values are the same as the book values Required Prepare a consolidated statement of financial position for Reverte ple as at 31 January 2021
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