Set out below is the summarised statement of financial position of Berlin plc at 1 January 20X0.
| £000 | |
| ASSETS | |
| Non-cur rent assets | 250 |
| Property, plant and equipment | 150 |
| Current assets | 400 |
| Total assets |
| EQUITY AND LIABILITIES | |
| Capital and reser ves | |
| Share capital (£5 shares) | 200 |
| Retained ear nings | 80 |
| 280 |
| Current liabilities | 120 |
| Total equity and liabilities | 400 |
On 1/1/20X0 Berlin acquired 100% of the shares of Hanover for £100,000 and gained control.
Required: Prepare the statement of financial position of Berlin immediately after the acquisition if:
(a) Berlin acquired the shares for cash.
(b) Berlin issued 10,000 common shares of £5 (market value £10.).
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