Acca financial Accounting (FA) Study Text ac ca (FA)

What figure should appear in the consolidated statement of financial 

position of Skinny and its subsidiary Coltart for group retained 

earnings as at 31 December 20X6? 

$________ 

108  Austen acquired 60% of the equity capital of Dicken for $300,000 on 

1 January 20X5. Details of the equity share capital and other components 

of equity of Austen and Dickens at 31 December 20X6 are as follows: 

Austen Dickens 

$

$

Equity share capital 

300,000 

200,000 

Other components of equity 

200,000 

  75,000 

At the date of acquisition Dickens had other components of equity of 

$60,000. The fair value of NCI at acquisition was $80,000.