Below are the statements of financial position for Haggis and Stovies Haggis RM Stovies RM Non-current assets Tangible assets Investments: shares in Stovies at cost 33,000 12,500 20,000 Current assets 4,500 50,000 16,000 36,000 Share capital and reserves Equity shares of $1 each Share premium Retained earnings 10,000 5,000 6,000 21,000 4,000 13,000 17,000 Non-current liabilities 20,000 9,000 Current liabilities 9,000 50,000 10,000 36,000 On 1 January 2013, Haggis acquired 3,000 shares in Stovies. At that date the balance on Stovies' retained earnings was RM8,000. Non-controlling interest are valued at fair value, the fair value of the non-controlling interest on acquisition was RM3,800. Goodwill has been impaired by RM1,000 since acquisition.

Following are the Balance Sheets of X Ltd. for the year 2014 and 2015. 2014 2015 sin '000 sin '00 L Equity and Liabilities (1) Shareholders' Funds (a) Share Capital : Equity Share Capital 8% Redeemable Preference Share Capital (b) Reserves and Surplus : General Reserve Surplus Account (2) Non-current Liabilities 200 320 150 90 40 70 15 38 Debentures 100 90 (3) Current Liabilities Creditors 55 83 Bills Payable Proposed Dividend (Treating it as non-current liability) Provision for Tax (NCL) 20 16 42 50 40 50 Total Equity and Liabilities 662 807 II. Assets (1) Non-current Assets Fixed Assets: Land & Building Plant & Machinery Intangible Asset : Goodwill 200 80 170 200 80 100 (2) Current Assets Stock Debtors B/R Cash & Bank Balances 59 250 30 18 87 150 20 25 Total Assets 662 807 Additional Information: (1) (1) (I) (IV) An interim dividend of $ 20,000 has been paid in 2015. $ 35,000 income tax was paid during the year 2015. Dividend of $ 28,000 was paid during the year 2015. During the year…

The following summarized balance sheets were prepared for the Gold Company and Mythic Corporation.     Gold Mythic Current assets 350,000 185,000 Land 80,000 25,000 Building, net 250,000 325,000 Goodwill 195,000 100,000 Total Assets 875,000 635,000       Accounts payable 115,000 85,000 Bonds payable 170,000 150,000 Common stocks, P10 par 150,000 75,000 APIC 200,000 40,000 Retained Earnings 240,000 285,000 Total Liabilities and Equity 875,000 635,000   The appraised values of the Mythic Corporation’s land and buildings are P20,000 and P258,000, respectively. Gold issues 15,250 shares of common stocks with a fair value of P12 each. Gold also pays out-of-pocket costs for the following:   Broker's fee                                                           10,000 Professional fees to valuers                                     3,000 Legal fees…

The McLaughlin Corporation declared a 6 percent stock dividend. Construct a pro forma balance sheet showing the effect of this action. The stock was selling for $37.50 per share, and a condensed version of McLaughlin's balance sheet as of December 31, 2008, before the dividend, follows ($ millions):