Question 1: Multiple choice question Each question carries 2 marks Please use the below information to answers the multiple- choice questions from 1-4. The statements of financial position of Parent plc and Subsid plc as at 31 December 2020 are as follows: Assets Current Assets Inventories Trade Receivables Current Account with Subsid plc Bank Current Liabilities Current Account with Parent plc Trade Payables Taxation Non Current Assets (PPE) Investment in Subsid plc Net Current Assets Net Assets Equity Total Equity Share Capital Retained Earnings Parent plc Subsid ple 480,000 197,500 197,500 A. 139,875 B. 57,625 c. 197,500 D. None of the above 234,800 75,500 240,200 110,000 32,500 66,000 24,250 32,500 403,500 86,500 61,500 22,500 108,500 68,250 686,000 265,750 430,000 131,500 256,000 134,250 686,000 265,750 Parent plc acquired 75% of the shares in Subsid plc on 1 January 2020 when Subsid's retained earnings were 50,000. The market value of the subsidiary's non-current assets is 5000 above its book value. Non-controlling interests are measured using Method

Question 1: Multiple choice question Each question carries 2 marks Please use the below information to answers the multiplechoice questions from 1-4. The statements of financial position of Parent ple and Subsid ple as at 31 December 2020 are as follows: Parent ple acquired 75% of the shares in Subsid ple on 1 January 2020 when Subsid's retained earnings were 50,000. The market value of the subsidiary's non-current assets is 5000 above its book value. Non-controlling interests are measured using Method 1. During the year Parent ple sold Subsid ple goods for 28,000 which represented cost plus 40%.30% of these goods were still in stock at the end of the year. 1. The amount of goodwill is A. 139,875 B. 57,625 c. 197,500 D. None of the above 2-The amount of unrealized profit equals to: A. 8,000 B. 6,000 c. 2,400 D. None of the above 3- The total amount of non-controlling interest (NCI) equals to: A. 67,688 B. 66,438 C. 46,625 D. None of the above 4- The retained earning that should shown in the consolidated statement of financial position (Hint: step 5) equals to: A. 319,187 B. 256,000 c. 316,787 D. Non- of the above