=+4. HA, and C are three companies with issued share capitals of 200,000, 150,000 and 60,000

=+4. HA, Β and C are three companies with issued share capitals of £200,000,

£150,000 and £60,000 respectively. A holds 75% of the shares of Β

and 80% of the shares in C at a cost of £120,000 and £48,000 respectively. A has a balance at the bank of £10,000.

The following information is extracted from the books of Β and C.

Β c Assets £ £

Goodwill 20,000 5,000 Plant and Machinery 60,000 30,000 Stock 80,000 50,000 Debtors 95,000 29,000 Cash at Bank 10,000 15,000