Formulas (1)

Question 1

Premium Share (Journal Entries)

Answer 1

1

Question 2

SOFP (after redemption) 2 extra entries

Answer 2

1. CRR

2. Share Premium

Question 3

1. Goodwill on Consolidation

Answer 3

1

Question 4

2. Consolidated Retained Earnings

Answer 4

2

Question 5

3. Consolidated General Reserves

Answer 5

3

Question 6

4. Non-Controlling Interest on Consolidation

Answer 6

4

Question 7

5. Consolidated SOFP

Answer 7

1. Investment = Goodwill
2. URP
3. Interco Transfer
4. Cheque/Goods in Transit
5. Shares