ACCA-FA智课Mock Examination 2

In addition to the extracts provided above, the following information is relevant:

(1)Wallace Co purchased its 60% of Bruce Co's 10 million $0.50 nominal value ordinary shares on 1 February 20X8 for $1.50 per share. This was the market value of the shares at this date.

(2)At 1 February 20X8 the retained earnings of Bruce Co were $9,060,000.

(3)The fair value of the non-controlling interest in Bruce Co was determined using the market value share price.

解析：