Page 462 - F2 Integrated Workbook STUDENT 2019
P. 462
Chapter 19
Example 11.6
(i) Investment in associate
$000
Cost of investment 600
P% × post acquisition profits (30% × (800 – 720)) 24
Less: impairment (10)
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614
–––––
(ii) Consolidated retained earnings
$000
P's retained earnings 4,000
S: 80% × (1,500 – 700) 640
A: 30% × (800 – 720) 24
A: impairment (10)
–––––
4,654
–––––
454
