Question
Question 10 On 1/1/2017 Ziyad company purchased 90 % of Altalian company by SR 1,250,000 ,...
Question 10
On 1/1/2017 Ziyad company purchased 90 % of Altalian company by SR 1,250,000 , and paid SR 150,000 for commission and consulting expenses and SR 100.000 indirect expenses for registering. The balance sheet of Ziyad & Altalian companies on 31/12/2016 before of purchase was:
|
particulars |
A |
B (book value) |
B (fair value ) |
|
Cash Account receivables Inventories
|
1,600,000 1,400,000 1,450,000
|
225,000 500,000 700,000
|
225,000 540,000 800,000 |
|
Total assets |
4.450.000 |
1.425.000 |
1.565.000 |
|
Account payables Capital Add. Capital |
800,000 2,700,000 950,000 |
250,000 800,000 375,000 |
265,000 |
|
Total liabilities |
4.450.000 |
1.425.000 |
From the information mentioned above, fill in the blanks in the following table:
|
Particulars |
A |
B (book value) |
Consolidation adjustment Dr Cr |
Consolidation financial |
|
|
Cash Account Receiveables Inventories Goodwill Investment |
1,400,000 1,450,000 |
225,000 500,000 700,000 |
|
||
|
Total assets |
4,350,000 |
1,425,000 |
|||
|
Account payables Minority Capital Add. Capital |
800,000 2,700,000 850,000 |
250,000 800,000 375,000 |
|||
|
4,350,000 |
1,425,000 |
||||
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