Page 313 - F1 Integrated Workbook STUDENT 2018
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Consolidated Statement of Financial Position
Working 2 – Net assets of subsidiary
(W2) Net assets of subsidiary
Acquisition date Reporting date
$ $
Share capital X X
Retained earnings X X
Other reserves X X
Fair value adjustment X X
Dep’n adjustment (X)
PURP adj (if S sells) (X)
––––– –––––
X X
––––– –––––
Key issues
Don’t forget to pro-rata depreciation for part year or to multiply for more
than 1 year ownership.
PURP only if S is the seller. If P is seller use W5.
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