www.kaplanpublishing.co.uk Section Introducing the group statement of financial position Question Lion The statements of financial position of two companies are as follows Parent $m Subsidiary $m 500 300 400 Current assets 150 950 100 500 Ordinary shares ($1) Retained earnings Equity 650 160 810 100 200 300 Liabilities 140 950 200 500 Non-current assets Tangible Investment in subsidiary Additional information The parent acquired 75m shares in the subsidiary one year ago when the retained earnings of the subsidiary were $60m and the NCI was $100m Required Prepare the consolidated statement of financial position A student's guide to Group Accounts by Tom Clendon, Second Edition, published by Kaplan Publishing www.kaplanpublishing.co.uk Section Introducing the group statement of financial position Question Tiger The statements of financial position of two companies are as follows Parent $m Subsidiary $m 1,500 900 600 Current assets 100 2,500 100 700 Ordinary shares ($1) Retained earnings Equity 1,000 400 1,400 200 300 500 Liabilities 1,100 2,500 200 700 Non-current assets Tangible Investment in subsidiary Additional information The parent acquired 120m shares in the subsidiary one year ago when the retained earnings of the subsidiary were $100m and the NCI was $50m Required Prepare the consolidated statement of financial position A student's guide to Group Accounts by Tom Clendon, Second Edition, published by Kaplan Publishing ...www.kaplanpublishing.co.uk Section Introducing the group statement of financial position Question Tiger The statements of financial position of two companies are as follows Parent $m Subsidiary $m 1, 500 900 600... information The parent acquired 12 0m shares in the subsidiary one year ago when the retained earnings of the subsidiary were $10 0m and the NCI was $50m Required Prepare the consolidated statement of financial. .. Subsidiary $m 1, 500 900 600 Current assets 10 0 2,500 10 0 700 Ordinary shares ( $1) Retained earnings Equity 1, 000 400 1, 400 200 300 500 Liabilities 1, 100 2,500 200 700 Non-current assets Tangible