Cost of shares in S Ltd 2,100,000
Group's interest in the net assets of S Ltd
Share captial 2,000,000
Reserves 1,000,000
Net assets 3,000,000
60% thereof (1,800,000)
Goodwill on acquisition 300,000
Monority interest ($3,000,000 x 40%) (1,200,000)
Prepare the related consolidated journal entries if 30% of the goodwill is to be written off as impairment loss?