Parent Ltd and its controlled entity Consolidated Statement of Change in...
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Accounting
Parent Ltd and its controlled entity
Consolidated Statement of Change in Equity for the year end 30 June 2021
Share Capital
Group Retained Earnings
Group Total Equity
Opening Balance
$ 45,000.00
$ 100,000.00
$ 145,000.00
Total Comprehensive Income
$ -
$ 8,000.00
$ 8,000.00
Distributions-dividends
$ -
$ (30,000.00)
$ (30,000.00)
Closing Balance
$ 45,000.00
$ 909,000.00
$ 954,000.00
Parent Ltd
Statement of Change in Equity for the year end 30 June 2021
Share Capital
Retained Earnings
Total Equity
Opening Balance
$ 45,000.00
$ 110,000.00
$ 155,000.00
Total Comprehensive Income
$ -
$ 2,200.00
$ 2,200.00
Distributions-dividends
$ -
$ (30,000.00)
$ (30,000.00)
Closing Balance
$ 45,000.00
$ 888,000.00
$ 933,000.00
Buoyed by increasing property prices in Melbourne,Parent company booked a $250,000 revaluation increment in relation to the warehouse. The revaluation gain relates to an increased valuation of the land.
How to correct this $250,000 into the consolidated Statement of Change in Equity? (this is 100% acquisition)
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