ABC Group.

Consolidated Statement of Financial Position

As of January 1, 2021

ASSETS

Current Assets
Cash
P120,000
Accounts Receivable
140,000
Inventory
500,000
Prepaid Assets
40,000
Total Current Assets
800,000

Non-Current Assets
Building, net
1,740,000
Goodwill
140,000
Total Non-Current Assets
1,880,000
Total Assets
P 2,680,000

LIABILITIES AND EQUITY

Current Liability
Account Payable
P160,000

Shareholder’s Equity
Share Capital
1,000,000
Share Premium
350,000
Retained Earnings
990,000
Owners of Parent
2,340,000
Non-controlling Interest
180,000
Total Equity
P2,520,000
Total Liabilities and Equity
P 2,680,00