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Brief Section C

The document provides a statement of financial position for Runner Co as of March 31, 20X5 including non-current assets such as property, plant, and equipment valued at $509,500 and goodwill of $20,446, current assets including trade receivables of $37,900 and inventory of $37,280, current liabilities of $96,000, and equity including retained earnings of $290,950 and non-controlling interest of $14,476.

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Elgün Abdullayev
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38 views2 pages

Brief Section C

The document provides a statement of financial position for Runner Co as of March 31, 20X5 including non-current assets such as property, plant, and equipment valued at $509,500 and goodwill of $20,446, current assets including trade receivables of $37,900 and inventory of $37,280, current liabilities of $96,000, and equity including retained earnings of $290,950 and non-controlling interest of $14,476.

Uploaded by

Elgün Abdullayev
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

1) PPE 10m/10*1=1,000

455,800+ 44,700+9,000 = 509,500

2) Goodwill
Investment 42,500

Deferred consideration 19446


Non-controling interest 13,000
74,946
Less: Value of net asset acquired -54,500
Goodwill 20,446

3) Receivable
35.300+9.000-3.000-3.400 = 37.900

4) Inventory
PUP = 4800*15%= 720
Inventory = 22.000+16.000-720 = 37280

5) Bank
2800+1500+3000=6300

6) Current liability

81.800+17.600-3.400 = 96.000

7) Retained earning
28600-19500 -1000 (deprecation) - 720 (PUP) = 7380

8) Non-controlling interest
7380*20% = 1476
13.000+1476 = 14.476
Statement of Financial Position as at 31st March 20X5
Runner Co

Non-current assets $000


Property, plant and
equipment (1) 509,500
Investment 12,500
Intangible assets: Goodwill
(2) 20,446
542,446
Current assets
Trade receivables (3) 37,900
Inventory (4) 37,280
Bank (5) 7,300
82,480
Total assets 624,926

Current liabilities
Current liabilities (6) 96,000
Deferred consideration 21,000
Total liabilities 117,000

Equity
Share capital 202,500
Retained earning (7) 290,950

Non-controlling interest (8) 14,476

Total equity 507,926

Total liabilities and equity 624,926

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