Homework 13.05.23

1. Calculate the goodwill balance for Alpha's investment in Beta at acquisition. The carrying values of the net assets were the same values as their FVs at the aquisition date. Alpha uses the proportion of net assets method to calculate its NCI. There is no impairment of the goodwill balance as at 31 December 2022.

2. Calculate the value of what Alpha's closing investment balance in Gamma should be as at 31 Dec 2022

3. Calculate Group retained earnings as at 31 December 2022.

4. Calculate the NCI balance as at 31 December 2022.

5. in Alpha's consolidated P&L for the year ended 31 December 2022, what would be the value of share of profits of associate?