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Consolidated statement of financial position

Example 1 cont.

The following information is also relevant:

(i) Pepper values non-controlling interest using the fair value method and at
the date of acquisition the non-controlling interest in Sauce was valued at
$2 million.

(ii) Goodwill has been impaired by $200,000 since acquisition.

Required:

Prepare the consolidated statement of financial position for the Pepper
group as at 31 March 20X7.

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