Question $8$

On $1$ July $2014,$ P Ltd acquired a $70$ per cent interest in S Ltd$.$ At that date, the equity section of S Ltd$\text{'}$s statement of financial position revealed the following:

Issued capital $$600000$

General reserve $$100000$

Retained earnings $$100000.$

At acquisition date, S Ltd revalued its non$-$current assets to fair value by $$150000.$ P Ltd determined that it had paid $$100000$ for goodwill.

Any NCI is measured at the proportionate share of the fair value of the identifiable net assets of S Ltd$.$

What is the amount of Investment in S Ltd would be processed in the consolidation worksheet for the year ended $30$ June $2018?$

$$420000$

$$560000$

$$633000$

$$733500$