Tiger acquired 20% share capital of Deer on 1 August 2021 at the cost of 5.5million....
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Tiger acquired 20% share capital of Deer on 1 August 2021 at the cost of £5.5million. Tiger has classified Deer as an associate undertaking. For the year ended 31 October 2021, Deer has reported a net profit of £937,500. What is the value of the associate investment in the group statement of financial position of Tiger as at 31 October 2021? . Hyperverse plc acquired 80% of the share capital of Lyca plc on 1/10/2018 for £340,600. The profit for the year ended 31/12/2018 for Lyca was £36,000. Profits are deemed to accrue evenly over the year. At 31/12/2018 the following extracts of the statement of financial position for Lyca has been provided: Equity share capital Retained earnings What is the goodwill on acquisition? £200,000 £180,000 Tiger acquired 20% share capital of Deer on 1 August 2021 at the cost of £5.5million. Tiger has classified Deer as an associate undertaking. For the year ended 31 October 2021, Deer has reported a net profit of £937,500. What is the value of the associate investment in the group statement of financial position of Tiger as at 31 October 2021? . Hyperverse plc acquired 80% of the share capital of Lyca plc on 1/10/2018 for £340,600. The profit for the year ended 31/12/2018 for Lyca was £36,000. Profits are deemed to accrue evenly over the year. At 31/12/2018 the following extracts of the statement of financial position for Lyca has been provided: Equity share capital Retained earnings What is the goodwill on acquisition? £200,000 £180,000
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For both scenarios well calculate the value of the associate investment and the goodwill on acquisition 1 Value of Associate Investment in Group State... View the full answer
Related Book For
International Financial Reporting and Analysis
ISBN: 978-1408075012
5th edition
Authors: David Alexander, Anne Britton, Ann Jorissen
Posted Date:
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