406 The following are the Statement of Financial Positions of lyanda, Uthman and
Akinade respectively:
Iyanda
Uthman
Akinade
Assets
N 000
N000
N 000
Tangible
972
843
Investment in subsidiary:
Uthman (700,000 shares)
356
Akinade (300,000 shares)
Net current assets
477
1781
Financed by:
Ordinary share capital of Al each
Reserves
Retained earnings
Others
248
205
1320
164
570
1200
1000
400
333
200
100
248
120
70
1781
Additional information:
1320
570
i Iyanda acquired Uthman and Akinade when their Retained earnings were
N100,000 and N60,000 respectively.
ii.
The other reserves of the two companies stood at 150,000 and N40,000
respectively
Prepare a consolidated Statement of Financial Position for lyanda group.

Which of the following accurately describes a surplus? a. consumer demand for a certain car is below the number of cars that are produced. b. the production costs for a certain car are below the sale price of that car. c. a reduction in the cost of steel enables a car company to reduce the sale price of its cars. d. a car company tries to charge too high a price for a car and has to reduce the price. 2b2t

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

Fill in the missing words to correctly complete each sentence about analyzing a job posting. when reviewing a job posting, it’s important to check theto determine whether it’s worth your time to apply. if the post has been up for a while or it’s already closed, move on to the next position. if it’s still available, take note of when it closes so you’ll know when you mayfrom the company in regard to an interview.