Question: ill give a vote pls help me QUESTION TWO Aston Ltd is a luxury goods manufacturer in the process of diversifying its business. Aston Ltd


QUESTION TWO Aston Ltd is a luxury goods manufacturer in the process of diversifying its business. Aston Ltd has reached an agreement with Chivas Ltd, a small basic materials company, to take over Chivas Ltd. The statements of financial position of Aston Ltd and Chivas Ltd as at 31st December 2019 are as The following information is also available: - On 31st December 2016, Aston Ltd paid 7,200,000 to acquire 60% ordinary shares and 25% - On the acquisition date, the retained earnings of Chivas Ltd were 960,000 and all its assets - Chivas Ltd has not issued any new shares since being acquired by Aston Ltd. - Non-controlling interests are valued at the proportionate share of the subsidiary's net assets. a) Prepare the Consolidated Statement of Financial Position of Aston Group as at 31st December 2019. Show all your workings clearly. QUESTION TWO Aston Ltd is a luxury goods manufacturer in the process of diversifying its business. Aston Ltd has reached an agreement with Chivas Ltd, a small basic materials company, to take over Chivas Ltd. The statements of financial position of Aston Ltd and Chivas Ltd as at 31st December 2019 are as The following information is also available: - On 31st December 2016, Aston Ltd paid 7,200,000 to acquire 60% ordinary shares and 25% - On the acquisition date, the retained earnings of Chivas Ltd were 960,000 and all its assets - Chivas Ltd has not issued any new shares since being acquired by Aston Ltd. - Non-controlling interests are valued at the proportionate share of the subsidiary's net assets. a) Prepare the Consolidated Statement of Financial Position of Aston Group as at 31st December 2019. Show all your workings clearly
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