Page 477 - F2 Integrated Workbook STUDENT 2019
P. 477
Answers
Example 14.5
This is a control to control disposal from a 90% to 65% shareholding
Journal entry to record control to control disposal
Dr Cash $400,000
Dr Equity – other components (bal fig) $125,000
Cr NCI (W1) $525,000
Working – Movement in NCI from disposal
$
Net assets at disposal date 1,400,000
Goodwill 700,000
–––––––––
2,100,000
–––––––––
Movement in NCI @ 25% 525,000
469
