Description
QUESTION 1 (continued)
REQUIRED:
Marks
a) Prepare the consolidated statement of profit or loss and other comprehensive
income of Bean Ltd Group for the year ended 31 May 2025.
121/2
b)
Prepare the consolidated statement of financial position of Bean Ltd Group as at
31 May 2025.
Disclose only: the Goodwill and Non-controlling interests amounts in the
statement.
71/2
NB! Ensure the presentation of the statements are detailed and in the correct format,
showing the category under-which the required items are disclosed.
c) Discuss the accounting treatment of the dividends received by Bean Ltd and the
dividends paid by Bag Ltd in the consolidated financial statements. In your
answer, show the journal entries applicable to the consolidation process.
12
Please take note:
• Calculations are required and must accompany and appear in the final document
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