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Consolidation Statements: Partial and Full Goodwill Method

   

Added on  2023-06-11

12 Pages1556 Words89 Views
Running head: CONSOLIDATION STATEMENTS
Consolidation Statements
Name of the Student:
Name of the University
Author’s Note

1
CONSOLIDATION STATEMENT
Table of Contents
Requirement a:.................................................................................................................................2
Requirement b:.................................................................................................................................3
Requirement c:.................................................................................................................................8
Partial Goodwill Method.............................................................................................................8
Advantages of Partial Goodwill Method.................................................................................8
Disadvantages of Partial Goodwill Method.............................................................................9
Full Goodwill Method.................................................................................................................9
Advantages of Full Goodwill Method.....................................................................................9
Disadvantages of Full Goodwill Method...............................................................................10
Reference.......................................................................................................................................11

2
CONSOLIDATION STATEMENT
Requirement a:
Dr. Cr.
Date Amount Amount
a.i Share Capital 180
General Reserve 270
Retained Earnings 135
Goodwill 153
Business Combination
Valuation Reserve 126
Invetsments 864
a.ii Cash 117
Dividend Revenue 117
a.iii Cash 135
Interim Dividend Revenue 135
Particulars

3
CONSOLIDATION STATEMENT
Requirement b:
Particulars Amount Amount
Consideration Transferred 864
Less:
Share Capital 200
General Reserve 300
Reatined Earnings 150
Land 140
Net Fair Value of Identifable Assets
& Liabilities -790
Add: Non-Controlling Interest @10% 79
Goodwill 153
Acqusition Analysis:

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