Q66 Beta World

Question 1

Explain why Flyline should be treated as a subsidiary in the BW consolidated financial statements for the year ended 30 September 2020:

Answer 1

Question 2

Set out and explain how the investment in Flyline should be recognised in the BW plc individual company financial statements for the year ended 30 September 2020:

Answer 2

Question 3

Answer 3

Question 4

Answer 4

Question 5

Calculate the goodwill on the consolidation of Flyline to be included in the BW consolidated FS at 30 September 2020 (foreign sub, FV of net assets)

Answer 5