Question Three P Co has owned 75% of the 100,000 shares of S Co...
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Question Three P Co has owned of the shares of S Co since the incorporation of that company. During the year to December X S Co sold goods costing GHS to P Co at a price of GHS and these goods were still unsold by P Co at the end of the year. Draft statements of financial position of each company at December X were: Required: Prepare the consolidated statement of financial position of Co at December X The fair value of the noncontrolling interest at acquisition was GHS 
Question Three
P Co has owned of the shares of S Co since the incorporation of that company.
During the year to December X S Co sold goods costing GHS to P Co at a price of
GHS and these goods were still unsold by P Co at the end of the year. Draft statements of
financial position of each company at December X were:
Required: Prepare the consolidated statement of financial position of Co at December
X The fair value of the noncontrolling interest at acquisition was GHS
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